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Digital publishing software manufacturer LibreDigital has acquired an e-commerce platform from a division of HarperCollins in the US.
According to http://austin.bizjournals.com/austin/stories/2010/06/28/daily11.html" target="_blank">Austin Business Journal, the firm bought Symtio — a multi-channel platform designed by HarperCollins’s Zondervan division to enable customers to buy digital media, such as e-books, audiobooks music and video. Financial terms of the deal were not disclosed.
As a result of the acquisition, LibreDigital will take on Symtio’s 15 employees. The deal comes one month after LibreDigital raised $8.1m (£5.4m) in venture capital funding, increasing the total to $31.1m.
Investors include S3 Ventures, Adams Capital Management, Triangle Peak Partners, HarperCollins, The New York Times and Noro-Moseley Partners.
LibreDigital has been selected by both Apple and Sony to power content on their respective devices.