Beatport to acquire Loopmasters.

Beatport, an American electronic music-oriented online music store, agreed to acquire Loopmasters, a music production software and digital tools provider. Financial terms were not disclosed. “Matt Pelling (Loopmasters’ CEO) and the entire Loopmasters team are world-class people who have built amazing products for the producer community that simply belong in our ecosystem. The phenomenal growth of Plugin Boutique, the leading global seller of virtual instrument plug-ins, and the recent launch of Loopcloud, an innovative subscription service for the samples market, are a testament to the talent of their team, and we couldn’t be happier to welcome them to the Beatport family,” Robb McDaniels, Beatport CEO.