Vector Capital is buying business-services software Triton Digital for an undisclosed amount.

Sherman Oaks, California-based Triton develops software-as-a-service (Saas) and technology that allows audio clients to stream content and advertisements, as well as measure audiences.  Triton developed an audio-ad exchange called a2x, which enables digital audio ads.

Triton has made two other acquisitions, picking up streaming technology company StreamTheWorld in 2010, and tech business Ando Media in 2009.

San Francisco private equity firm Vector focuses on technology investments, in February, the firm agreed to take Saba Software private in a $390 million deal. The firm won Mergers & Acquisitions M&A Mid-Market Seller of the Year award for 2013. 

Macquarie Capital was Triton's financial adviser on the deal.

Software businesses have continued to pull in interest from private equity firms as SaaS models, which generate consistent revenue, take hold. For more, see Thoma Bravo & Others Bet Big on the Cloud and Plugging Into Software.

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