Scribd buys Librify

Scribd buys Librify

Scribd has acquired Librify, a social e-reading platform, for an undisclosed sum.

Librify was founded in 2013 and launched publicly last summer as a social e-reading site for book clubs with a retail offer. 

It is believed Scribd wants to roll social e-reading elements into its own platform, although the company would not be drawn on the detail of its plans for Librify. 
Scribd co-founder Trip Adler said: “We value Librify’s focus on the social reading experience and the great work they’ve already done within reading communities. This move is a natural extension of the existing Scribd product and something we, and our readers, have wanted to explore more deeply.”

The Librify website is no longer taking on new members or allowing e-books sales following its acquisition. A note on the website says: “We believe Scribd provides the ideal strategic fit for Librify and the perfect platform for the Librify vision to live on. At its core, Librify’s goal was to help members of existing book clubs and aspirational readers of all kinds, enjoy a more meaningful and robust reading experience. All of this can now best be done on Scribd.”

It added: “Over the coming weeks, we will be working with Scribd on the transition and we will be providing you with more information and a special offer to join Scribd. For the time being, you can still access your Librify account. However, you will no longer be able to purchase content on our site and we are no longer accepting new memberships.”

Bookmate, a Russian subscription service run by c.e.o Simon Dunlop, also offers a social element to its subscription e-reading platform.