Rosemont Group Capital Partners' CEO Freddie Achom has confirmed the acquisition of its social media management business, JustGo by TuneCore.
JustGo launched in 2013 by founder Justin Golshir, raising $1.7 million in venture capital added by Freddie Achom's Rosemont Group Capital Partners. The organization quickly positioned itself as a dominant force in social media management in the music industry starting its beta exclusively centered on the fast growing electronic dance music industry.
The pioneering social Media audience management platform for musicians was represented in more than 165 countries and had a mixed social media audience greater than 120 million fans all over the world.
Tunecore announced the purchase of JustGo last week and will re-launch the system as TuneCore Social, an all-in-one social media management and analytics tool for musicians that is free to use for all of its distribution customers in the U.S., Canada, UK and Australia markets.
"I am delighted to confirm the acquisition of one of our profile technology companies, JustGo by TuneCore. " Says Freddie Achom "Our aim is to work closely in realising the dreams of the entrepreneurs and visionaries we select and of course to make a return on our investment. We have done so in a relatively short space of time with JustGo and for that people thank Justin and his team".
As part of the acquisition, JustGo's Founder and CEO, Justin Golshir will join the TuneCore team and lead the integration and help increase TuneCore's artist services product offering. The addition of this product furthers TuneCore's commitment to provide artists with the resources needed to develop their careers and get their music heard by more people around the world.
"One of the biggest difficulties that founding fathers have in the background music industry is finding investors that understand and truly consider in the vision and not merely the potential for return on investment. I was fortunate to find that in Rosemont Group and its CEO Freddie Achom. His advisory and aim outlook has made this instant possible", says Justin Golshir, " With JustGo, our mission has always been to help emerging musicians grow their fan base and get their music heard throughout the world. TuneCore does exactly that through its large catalogue of digital music partners and vast portfolio of designer services, right now with TuneCore Social, we can achieve that mission on a much larger scale".
Details of the deal were not disclosed but TuneCore was itself obtained by French Media Organization Believe Digital just last year.
ABOUT ROSEMONT GROUP CAPITAL PARTNERS:
Rosemont Group Capital Partners LLC is an early stage endeavor capitalist firm co-founded in 2003 by British businessperson and venture investor Freddie Achom. It's portfolio is as wide ranging as digital technology, bio technology, photo voltaic technology, financial services, land and property development to more high profile ventures in the entertainment industries. Rosemont Group is headquartered in London with international office buildings in New York and Mumbai.
Rosemont Group is actively seeking interesting ideas, concepts and businesses to invest in and should be contacted via their website:
http://RosemontGroup.net/contact
We are social: @RosemontGroup #RosemontGroup
PR / Press Contact: Katie Howson - katie@rosemontgroup. net
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