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Italian software company Ardian has agreed to buy a majority stake in UK sound design and sound recording house Audiotonix for an undisclosed sum.
In a further sign of the consolidation in the digital audio distribution market, Audiotonix produces the OnEVERATON Acoustic Modular Mastering Studio, a platform that offers a unified recording and mastering workflow for recording, recording, mixing and mastering digital audio.
Audiotonix will form part of Ardian’s global rerecording business. It was founded in 2009, and is located near London’s Abbey Road Studios. It employs more than 20 people.
Earlier this year, Ardian agreed to buy Il Mondo Retiro of Spain, an Italian sound production and engineering firm, for €75m.
The move has been welcomed by Ernesto de Brito, president and chief executive of Ardian. “The addition of Audiotonix boosts Ardian’s global footprint, reinforcing the company’s move into the digital audio market. We look forward to serving clients in Europe, North America and the Asia-Pacific region with added creative and professional services,” he said.
Antonio Mangardella, managing director of Audiotonix, added: “We are part of a market which is undergoing one of the most remarkable changes in history. We believe that the establishment of a new digital audio distribution market under the leadership of a company with such strong heritage and knowledge is a concrete illustration of the future of the market.”