HP Acquires Mobile Music Service Provider Melodeo

Seattle
– HP (NYSE: HPQ) has paid between $30 million and $35 million to acquire Melodeo, operator
of the nuTsie mobile music streaming service, TechCrunch reported.

Seattle-based Melodeo had raised $7.9 million in venture capital financing to
date, from investors including Ignition Partners and Voyager Capital.

Melodeo’s
nuTsie service is currently available for Windows, BlackBerry and Android
smartphones, but not on Apple’s iPhone.

The company’s products also include
Effin Genius, an app that scans a user’s iTunes library and generates playlists
that includes songs not in the user’s collection.

"HP’s acquisition of
Melodeo is another example of our efforts to bring new, innovative technologies
to market," the company told TechCrunch.

"We are excited about the
potential of this technology to bring the power of cloud-based delivery
services to millions of customers."

Related Links:
http://snipurl.com/xstzq
(TechCrunch)

http://www.nutsie.com