Irish start-up Soundwave bought out by Spotify

Global streaming company Spotify has bought Irish music startup Soundwave for an undisclosed sum.

The deal puts the hugely successful Dublin company founded in 2012 at the centre of the music industry as streaming services become increasingly popular.

Spotify’s takeover is the culmination of the hard work the founders and their team have put into developing their product since its launch, according to chief technical officer, Aidan Sliney.