Technology company FUGA has acquired Nashville-based rights management and workflow platform Songspace. Songspace will continue to operate as a standalone platform, and leadership for the company will remain in place, as FUGA invests in the company over the next two years to build out the offering.
Songspace’s software centralizes publishing assets including metadata, audio files, writer contacts, agreements and more, as well as identifying data gaps such as lyrics and accreditation.
Songspace works with over 250 publishers and labels including Kobalt, Reservoir Media, Downtown Music Publishing, Big Deal Music and Sentric, while FUGA’s 500+ clients including Ultra, Mom+Pop, and mtheory. The acquisition also grows FUGA’s presence in North America through Songspace’s base in Nashville, one of the three music capitals of the USA, alongside their existing office in New York.
Songspace CIO/CTO Darren Briggs said, “The combined strength and capabilities of the Songspace and FUGA teams and technologies position us to expand and enrich our agnostic products and services across the entire music IP and rights lifecycle.”