The amount of the transaction was not disclosed. According to a written statement, the acquisition of the Aquafadas Digital Publishing System – which covers all aspects of digital publishing from content design to cross-platforms distribution and analytics – will enable Kobo to bring a selection of rich media (magazines, academic, comics, kid’s books, etc.) to its customers.
Commenting on the deal, Kobo CEO Michael Serbinis said: . “…This transaction will strengthen both Kobo’s and Aquafadas position in our current markets and allow us to accelerate the growth of rich media with the Aquafadas Digital Publishing system”.
Owned by Tokyo-based Rakuten, Kobo is a worldwide-known eReading service offering over 3-million eBooks, magazines and newspapers.