The online bookseller Feedbooks acquires Aldiko, an eBook reading application with over 20 million users
Paris, May 27th 2014
The company Feedbooks, an online books store offering more than 800,000 books to a world-wide audience acquires Aldiko, a leading eBook reading application for Android which has more than 20 million users.
This major purchase allows Feedbooks to guide their customers through the entire value chain and to offer them the best possible reading experience.
To finance this key acquisition Feedbooks was supported by A Plus Finance, a shareholder of the company since the beginning of 2012.
The co-founder of Feedbooks, Loïc Roussel specifies that “with the acquisition of Aldiko, Feedbooks connects publishers and readers in total control of user experience; from works on the catalogue with our booksellers, to the Aldiko reading experience, currently for Android and soon iOS.”
Tiffany Wong, founder of Aldiko comments: “ We are thrilled to join Feedbooks with whom we have been working for a very long time. Feedbooks has been a key partner for Aldiko providing an international catalogue of high-quality commercial and free eBook content for Aldiko users. Both companies share a common vision of how open technologies can greatly benefit both users and the publishing industry. We believe that together we can provide users with an even richer and more fluid offer.”
Jean-Michel Pimont, Partner at A Plus Finance, comments: “This strategic acquisition enables Feedbooks to get closer to its customers through the full control over its distribution channel, and represents a significant growth potential for the company.”
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