eReader eBook Business Sold to Fictionwise
Fictionwise has announced that it has acquired the eReader.com retail electronic book business unit from Motricity. eReader.com is one of the largest and longest-running eBook retailers on the Internet, with a large customer base and over 23,000 titles available from major publishers and authors.
The company formerly known as PeanutPress was first acquired by Palm Inc in 2001 and became part of the Palm Digital Media Group. It then changed hands to PalmSource after the spin-off and was then sold to PalmGear/Motricity in 2003 who would rebrand it as eReader.com in 2004.
"eReader.com is one of the crown jewels of the eBook world," commented Steve Pendergrast, co-founder of Fictionwise, Inc. "With this acquisition, Fictionwise breaks into the very top ranks of the eBook retail market. Synergies between our business units will open the door to some very interesting developments for our customers in the coming months."
"Over the years, eReader.com nurtured and grew a loyal following of customers while pioneering methods to help raise the general adoption and consumption of eBooks, " said Chris Chuang, Vice President of Strategic Development for Motricity. "eReader.com is a strong strategic fit with Fictionwise, not only in terms of the additional customer footprint it brings, but also in that Fictionwise is acquiring some of the leading technologies and infrastructure in the eBooks market."
Fictionwise plans to maintain ereader.com as an independent web site to capitalize on the strong brand and loyal customer base achieved by the site. However, Fictionwise plans to build on the success of the eReader eBook format by expanding the product to function on an even wider range of handheld devices, allowing customers the flexibility to read on whatever devices best meet their needs.
Article Comments(15 comments)
- RE: Don't we have this already? -Tuckermaclain
- RE: Palm brand will return in 2018, with devices built by TCL -richf
- RE: Palm brand will return in 2018, with devices built by TCL -dmitrygr
- Palm phone on HDblog -palmato
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- Like Deja Vu -T_W
- RE: Don't we have this already? -richf