Audioboom said it plans to acquire Triton Digital Canada for US$185m.
Audioboom's ordinary shares will be suspended from trading on AIM with effect from 7:30 a.m. Tuesday.
Audioboom's directors said they believe that the proposed acquisition presents an opportunity to combine leading audio infrastructure, metrics and ad-serving companies that service the expanding global live and on-demand publisher base.
Triton is a leading technology provider to the online audio industry that is headquartered in the USA with offices in six locations. Triton's software as a service based offering includes three main product lines: audience measurement, streaming platform and services, and audience engagement.
Triton has a strong penetration of the US radio broadcaster market that, according to a report published by the Radio Advertising Bureau on 3 March 2016, represents an approximately US$17.5bn market based on annual advertising.
At 8:43am: (LON:BOOM) Audioboom Group share price was 0p at 3.6p