Meta Reportedly in Talks to Buy Audio Software Startup for Content Creators

Facebook’s parent company Meta Platforms is reportedly closer to sealing an acquisition deal for the Greek audio software startup Accusonus, which specializes in easy-to-use tools for content creators, musicians and more, Kathimerini reported on Tuesday (Feb. 1).

Under the rumored deal, Meta will acquire 100% of Accusonus from its founders and shareholders, according to Kathimerini. The deal could be signed on Friday following months of negotiations. Officials announcements could happen at the beginning of next week, the news outlet reported. Meta Platforms executives have already contacted Greek officials to possibly set up a subsidiary in Greece.

See also: EU Conditionally Approves Facebook Parent’s Buy of Kustomer

Accusonus was launched in 2013 in Greece by CEO Alex Tsilfidis, CTO Elias Kokkinis and Chairman Michael Tzannes to develop innovative audio software by combining scientific skills and creativity, according to its website. The startup has offices in Patras, Greece, Athens and Boston.

“We are one of the first companies that ever released commercial Machine Learning audio processing products. Our technology is licensed to some of the world’s biggest consumer media companies, and they support the creativity of literally millions of content creators every day,” per the company’s website.

The company’s biggest selling product, Regroover, is a patented virtual instrument for music producers, beatmakers and DJs. Their products are used in recording studios worldwide by producers working with musician giants like Bob Dylan and Aerosmith. Its tech is also used by movie studios.

Read more: Microsoft’s $69B Activision Blizzard Buy Begs the Question: Is the Metaverse Gaming, Commerce or Escapism?

Greece has been working to create a large startup sector. Many residents that left during its financial crisis have since returned as valuable recruits for the multinational companies setting up shop in the country.

The country has attracted investments from Big Tech firms like Microsoft, Amazon Web Services and Digital Realty, which acquired the Greek company Lamda Hellix.

You may also enjoy: Meta Preps For Metaverse With World’s Fastest Computer