Cable / Telecom News

Stingray buys Numedia

MONTREAL - Stingray Digital Group has bought in-store media solution provider Nümedia in a transaction valued at $2 million.Nümedia enables its client to provide in-venue music, experiences, communication, engagement, and activation, and counts Cogeco Communications subsidiary Cogeco Data Services as one of its minority shareholders.Stingray said Wednesday that its decision to acquire Nümedia was based in part on its varied client list.  In addition, continued the company, the acquisition creates significant operational synergies with its commercial services division Stingray Business, which currently operates in over 74,000 locations across Canada including Aldo shoes, TD Canada Trust, A&W restaurants, Sports Experts, Sobeys...