Hewlett-Packard has been on a bit of an acquisition binge lately, and the trend continues with the company’s acquisition of Melodeo, makers of the streaming media application nutSie. Although neither company has published an official statement, HP spokesperson Mylene Mangalindan confirmed the acquisition to the Seattle Times.
Melodeo is based in Seattle. The companies have not released any financial details of the acquisition, but two sources somewhat close to the matter put the deal in the $30 million range.
HP’s interest in Melodeo apparently comes from a desire to build cloud-based media streaming services. The idea is that user’s licensed media would simply be stored in the cloud, and users could take into it from anywhere they could get Internet access, whether that be from a smartphone, netbook, tablet, traditional computer, television, or other device. HP hasn’t announced any specific product plans, but in light of HP’s recent acquisition of Palm and webOS, it’s not difficult to see HP considering a consumer-oriented service that would deliver cloud-based digital media to a variety of portable Internet devices.
Melodeo’s nutSie application aims to provide mobile operators a turnkey solution to enable customers to tap into streaming music via mobile phones. nuTsie applications are available for iPhone, Android, BlackBerry, Windows Mobile, and Danger phones, as well as on T-Mobile, Verizon, and Alltel networks.
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