Archive for the 'Pump Audio' Category

Pump Audio Sold for $43 million

pumpaudio.jpgScore one for the Hudson Valley startup scene. Pump Audio‘s tag-line is “Be Independent,” but the Tivoli-based company is indy no more. The company, which licenses independent music for use in movies, commercials, and web sites, goes to photo giant Getty Images for $43 million. Getty certainly has the chops for licensing content across multiple platforms, so moving into the $3 billion music-licensing business seems like a smart move. Six-year-old Pump recently announced a deal to let Photobucket users put Pump music to their videos and slide shows. Photobucket has since been bought by MySpace, opening Pump up to a seemingly limitless user base.

Update: As PaidContent.org reminds us, this is a double win for the Hudson Valley since Troy-based High Peaks Venture Partners (along with NYC’s Greycroft Partners) led Pump’s $2.5 million first and only round of funding last year. 

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TechValley Links

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  • Pump Audio, which brokers indie music to producers and advertisers, is in a deal with Palo Alto-based Photobucket to give users of that media hosting/sharing company access to copyright-cleared independent music for use as soundtracks to their personal photo/video mashups. With Photobucket’s 35 million users, this is a big deal for Pump Audio.
  • IBM added 283 jobs in the mid-Hudson Valley from 2005 to 2006. Total workforce for Poughkeepsie and East Fishkill is 11,865 (via Poughkeepsie Journal).

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November 2017
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