Monday, March 16, 2015

Triton Digital Acquired By Vector Capital

Vector Capital, a technology-focused private equity firm, today announced the acquisition of Triton Digital, the leading technology provider to the digital audio industry. Financial terms of the transaction were not disclosed.

Founded in 2006, Triton Digital is a pioneer in the rapidly expanding digital audio marketplace. The Company’s innovative and proprietary software-as-a-service (“SaaS”) solutions and advertising technology enable both live and on-demand audio publishers to build their audiences and revenues globally.

“We are extremely excited about partnering with Vector for the next stage of our growth,” said Neal Schore, President and CEO, Triton Digital. “Triton was founded with the vision of transforming the digital audio marketplace by providing publishers with highly sophisticated technology solutions to drive monetization. This partnership will allow Triton to accelerate our growth through investments into our products, customers, and partners.” As our marketplace and company head into the significant growth stage, we couldn’t be more excited to forge forward with Vector.”

Alex Beregovsky, a Managing Director at Vector Capital, commented, "Triton is uniquely positioned in its industry as the only technology provider offering a complete end-to-end solution for audio publishers who wish to build, measure, and monetize a digital audience. We are very excited about working with the talented group of employees at Triton Digital to further invest in product development to support the significant long-term opportunities in the digital audio marketplace.”

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