Glasgow digital music firm Simple Audio has been snapped up by American hardware group Corsair in a multi-million-dollar deal.
Simple, which specialises in music streaming and networked audio products, said the purchase would enable it to extend its global reach.
The company, which received public money through support from the Scottish Investment Bank during the early stages of its life, released its first range of products in the UK and Europe last year.
Corsair, which generates about half a billion dollars in annual revenues, has built its reputation in high-performance components and peripherals for PC enthusiasts and gamers.
Simple founder and chief executive Peter Murphy said it was in a “much stronger position” after the agreement.
“Corsair’s extensive resources and worldwide distribution infrastructure will undoubtedly help Simple Audio achieve its ambitions, including plans to launch our products in the USA and Asia during 2013,” he said.
Corsair president and chief executive Andy Paul said he had followed the potential of Simple, which employs about 15 people, since 2010.
“We are extremely impressed by their vision of HD digital music in the post-iPod era,” he said.
“Their high-quality, high-performance Roomplayer system demystifies and simplifies the process of playing digital music throughout the home.
“We believe now is the right time to invest in the fast-growing digital music space and are delighted to help Simple Audio bring their incredible vision into reality and to music lovers around the world.”
Engineering and product development teams in Glasgow will not be affected by the change of ownership.