London-based iEnergizer Limited has acquired eBook conversion company Aptara “with a market capitalization of approximately $700 million”. Aptara will continue to operate under the Aptara name.
Dev Ganesan, CEO/President of Aptara stated: “Their strategic investment gives Aptara a wider and longer runway for expanding the scope and scale of our operations at a time when publishers are pursuing vendor consolidation. I’m thrilled to announce that combined, Aptara now brings over 11,000 employees to work for our customer base, and the financial strength and stability of a public company for taking on even larger scale content production initiatives. This merger deepens Aptara’s stronghold in the digital and mobile content technology arena.”
Digital Book World has more: “According to Ganesan, Aptara, which hired nearly 1,000 people last year, will be hiring another 1,000 in the next 12 months – mostly those with skills in XML and in e-book creation and mostly in India, where Aptara has the bulk of its workforce. Aptara will also be on the hunt for acquisitions.”