Music streaming service Spotify acquired two companies, Cord Project and Soundwave, to “further boost its product and engineering capabilities”.

Both teams will join Spotify’s product development organisation, where they will “further boost Spotify’s existing strengths in developing engaging and innovative music experiences,” the company said in a statement.

Cord Project, founded in New York in 2014, designs and builds audio products for connected devices. Its flagship product, Cord, is a one-tap voice messaging platform built for phones, tablets and watches on iOS and Android and has around one million users.

Cord’s team will remain in New York where it will build a new product group focused on creating “compelling content experiences”.

Soundwave
Dublin-based Soundwave, set up in 2012, develops technology and products to aid music discovery.

Its social networking app helps users discover music, share songs and connect with other users. The app has been downloaded around 1.5 million times in 190 countries.

“The acquisitions of Cord Project and Soundwave give us the opportunity to bring two extremely talented and like-minded teams into the Spotify family,” said Shiva Rajaraman, Spotify’s VP of product.

Rival Deezer this week raised $109 million to increase customer acquisition efforts and expanded its catalogue to include over 40 million songs, which it claims is “the largest music catalogue available globally.”