Rhapsody Acquires Two Music Tech Companies

Schematic Labs, Ex.fm come aboard

Rhapsody has purchased two music tech companies today: Schematic Labs, the makers of SoundTracking, and music discovery startup Ex.fm

VentureBeat reported on Rhapsody's acquisition of Ex.fm, which cataloged what songs online listeners tuned in to and then used that data for personalized recommendations. Ex.fm decided to shut down its service late last year, reversed that decision, and then once again announced it would be shuttering its services in May. The financial details of the acquisition were undisclosed.

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