Acquisitions drive 20 per cent revenue increase for Montreal's Stingray

A series of acquisitions helped drive an almost 20 per cent increase in quarterly revenue for Montreal-based Stingray Digital Group (TSX: RAY.A, RAY.B).
The results for the three-month period that ended on June 30, which were released on Wednesday, come two days after the company announced it had purchased two Australian companies that sell background music and other media services to retailers; deals worth a total of just under $11 million.
Acquisitions play a major role in the company’s