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BACH Technology secures new funding round

  • 2009

Ilme­nau, Bergen, Erfurt. Bach Tech­nol­ogy, the Nor­we­gian music tech­nol­ogy com­pany, makes plans for aggres­sive growth after acquir­ing new invest­ment partners.

Bach Tech­nol­ogy today announced that they have secured an undis­closed invest­ment from var­i­ous insti­tu­tional and pri­vate investors includ­ing bm|t beteili­gungs­ge­sellschaft thuerin­gen, Time Power Lltd., DFR Asia Ltd. and Two Four Seven Inc., the com­pany of for­mer Sony Music and Sony Com­put­ing Enter­tain­ment CEO Shi­geo Maruyama.

The fund­ing will enable Bach Tech­nol­ogy to fur­ther develop it’s exist­ing prod­uct port­fo­lio and aggres­sively grow in the key mar­kets of North Amer­ica, Europe and Asia.

Given the eco­nomic envi­ron­ment, I am absolutely thrilled that we were able to secure such a com­pe­tent team of finan­cial and strate­gic investors. This gives us tremen­dous sup­port for our ambi­tious growth plans”, says Bach Tech­nol­ogy CEO Ste­fan Kohlmeyer.

John Poss­man, Chair­man of Two Four Seven Inc, com­ments “We’re very excited to have the oppor­tu­nity to work with Bach as they help drive and change the future of dig­i­tal music.” Two Four Seven was founded in Tokyo by Mr. Poss­man and for­mer Sony Music Japan CEO Shi­geo Maruyama to develop and deliver new music solu­tions for Japan.

Bach’s solu­tions promise to bring a rev­o­lu­tion­ary leap for­ward to how lis­ten­ers expe­ri­ence, find, and inter­act with music,” says Rick Myers, CEO of DFR Asia. “Their strong core tech­nol­ogy enables an incred­i­ble range of new oppor­tu­ni­ties in music and entertainment.”

The expe­ri­enced inter­na­tional man­age­ment team and the coöper­a­tion with the Fraun­hofer Insti­tute for Dig­i­tal Media Tech­nol­ogy are key suc­cess fac­tors for Bach Tech­nol­ogy”, says Dr. Bohnenkamp from bm|t.

Founded in March 2007, Bach Tech­nolo­gie GmbH is a new and fast grow­ing music tech­nol­ogy com­pany with offices in Nor­way, Ger­many and China. Our solu­tions drive rev­enues for music retail­ers and dis­trib­u­tors through music recommendation.

Press Contact

Bach Tech­nol­ogy GmbH
Sebas­t­ian Schmidt

Ehren­bergstraße 31
D‑98693 Ilmenau
+49 (0) 3677 467147
 www.bachtechnology.com
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