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We are pleased to announce Education Development Corporation (NASDAQ: EDUC) has acquired Demibooks Inc.
EDC is the parent company of Kane Miller Books. EDC's direct-to-consumer sales division, Usborne Books and More, helps promotes Demibooks® Storytime.
We have had a close working relationship with EDC since their early investment in us, and feel confident they will grow the Demibooks brand and digital publishing business.
As part of the acquisition, EDC will operate Demibooks Storytime, our curated marketplace for children’s picture book apps. Publishers can continue to create cutting edge interactive apps for Storytime using Demibooks Composer Pro, the premier book app authoring platform on the iPad. Demibooks will be discontinuing selected products and services such as publishing apps to the App Store and the subscription service to Demibooks Composer Studio. More details on these changes can be found on our blog. Co-founders Rafiq and Dan will assist with the transition in the near term.
It has been a fantastic journey since Demibooks Composer first launched in 2011. We are grateful for everyone who helped build Demibooks along the way. We have met some amazing people and have worked on pioneering projects that have touched the lives of children, students and creators around the world. The founding team - Andy Skinner, Christopher Roosen, Daniel Hotop and Rafiq Ahmed - wish our community all the best in your endeavors and hope that our paths may cross again.
Best,
Rafiq Ahmed, CEO
Dan Hotop, CTO
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On Oct 31st we will be removing Composer Studio from sale, existing customers will get a new build and builds will be valid until Oct 31st 2016. We will cancel all the active subscriptions, so if yours end earlier you going to get a freebie as a thank you.
Also we will remove Publishing Credits and Update Credits from sale, most people have not made any money in the App Store and Apple are making it more work for both of us, so we will be focusing on Storytime which has picked up of late. Also there is Share for distribution.
Credits will be valid for 1 year, unless Apples new rules for ios 9 and 9.1 ( TBA) force our hand.
Any questions let me know. -
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For those interested the press release can be see here
http://globenewswire.com/news-release...
or
http://us2.campaign-archive2.com/?u=7... -
