CALABASAS, Calif.� DTS Inc. is acquiring software developer Arctic Palm Technology Inc., a Canadian company founded by Stu Buck 19 years ago. Terms were not announced.
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Radio broadcasters are learning a lot about DTS now, although the firm has been around since 1993. One year ago, DTS announced it would acquire HD Radio developer iBiquity Digital; and just a few weeks ago came news that DTS itself will be acquired by Tessera Technologies. Chairman/CEO Jon Kirchner had a high profile at the fall Radio Show in September.
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DTS calls itself a provider of high-definition audio solutions. It sees in Arctic Palm a radio tech supplier with a portfolio of products and an extensive installed base.
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�Arctic Palm has extensive experience in broadcast studio operations and services with deep knowledge in broadcast metadata and platform integration to develop customized media solutions software,� the company said in the announcement, adding that some 2,700 stations have licensed its software.
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The appeal includes Buck�s work with digital radio and data offerings. �Over the last decade, Arctic Palm has developed a number of solutions to support the broad range of HD Radio Advanced Services and most recently has been a critical partner in the Public Radio Satellite Services MetaPub initiative to enhance the public radio listener experience,� DTS stated.
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Kirchner said in the announcement: �We are committed to enabling the delivery of a robust entertainment experience to listeners anywhere, any time, on any device.� He said the Arctic Palm buy is a good fit because, as the auto industry works to build the digital dash, broadcasters need to enhance their service offerings. �DTS will continue to leverage its resources to deliver a global service combining broadcast and IP-delivered content.�
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Buck, founder and CEO of Arctic Palm, said he expects to stay with the company.�
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A version of this article originally appeared on the website of Radio World, sister publication of Radio magazine.�
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