Archive for Tuesday, April 08, 2008
Imeem buys digital tracking firm Snocap
Music social networking Web site operator Imeem Inc. says it has acquired Snocap Inc., the digital content tracking firm founded by Napster creator Shawn Fanning.
San Francisco-based Imeem did not disclose financial terms of the deal announced Monday.
Snocap developed a digital fingerprinting technology that can find unauthorized music and video files after they’ve been uploaded by computer users to a Web site using the service.
It also powers technology that lets MySpace users sell downloads of original music directly through their MySpace Web pages.
Snocap’s technology for buying music downloads on MySpace will continue to be operated by imeem.
Fanning, who created the Napster online file-sharing service as a college student, founded Snocap in 2002.
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