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.
Bach Technology GmbH
+49 (0) 3677 467147