Kobo To Acquire Aquafadas

Kobo has entered into an agreement to acquire digital publishing technology company Aquafadas in a deal whose terms were not disclosed.

Aquafadas offers publishers the tools to format magazines, comics and other types of content into rich media content. This includes the ability to make HTML5 content, plugins for InDesign and a comic book creation tool. With the acquisition, Kobo expands its rich media offerings. Kobo CEO Michael Serbinis, explained in a statement. “Digital Reading is rapidly evolving now to new rich media categories.  This transaction will strengthen both Kobo’s and Aquafadas position in our current markets and allow us to accelerate the growth of rich media with the Aquafadas Digital Publishing system.”

Japanese e-commerce company Rakuten acquired the Canadian-based Kobo for $315 million earlier this year.

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