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Business News Deals Digital
Jaxsta acquires Vampr
By Andy Malt | Published on Wednesday 22 February 2023
Music credits database Jaxsta has acquired Vampr, a social network for musicians. The plan now is to bundle Vampr Pro with the Jaxsta Creator subscription package, which – Jaxsta reckons – “creates a much more compelling product for the independent artist and musician”.
“The acquisition of Vampr represents a rare opportunity to accelerate the expansion of our business”, says Jaxsta CEO Beth Appleton. “We continue to focus on driving revenue growth and profitability capitalising on the bedrock of the Jaxsta platform and the moat we have built through our industry leading music data solution”.
“Together”, she goes on, “I believe we are going to be an exceptional company that will be at the forefront of the rapidly evolving music industry landscape”.
Josh Simons, Founder and CEO of Vampr, adds: “Combining our grassroots network with the definitive official music credits database is both a highly strategic and logical combination which we believe will provide great value to Vampr and Jaxsta’s users as well as our mutual shareholders”.
“Our team cannot wait to get started”, he continues, “and I’m personally very excited to work with Beth and the Jaxsta team to build transformational products for the music industry and music lovers”.
Vampr allows musicians to connect with other creators and music industry professionals, as well as distributing and monetising their music.
