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Dan (Official Rep) September 22, 2015 13:38

EDC acquires Demibooks Inc.

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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