Peer-to-peer provider CenterSpan Communications says it has acquired assets from Supertracks, a supplier of secure distribution services, for $750,000 in stock. CenterSpan said it gained source code for Supertracks' secure-streaming technology, called BridgePort Music System, as well as Supertracks' digital music distribution technology and several associated patents-in-process.
Hillsboro, Ore.-based CenterSpan said Supertracks received approximately 66,900 shares of CenterSpan common stock at $11.21 per share. CenterSpan Chief Technology Officer Michael Hudson and Vice President of Engineering Alfred Lee recently joined the company from Supertracks. CenterSpan also operates the Scour Exchange file-swapping technology.