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.

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell a brand story through photos, and use your Instagram profile to drive your sales and business objectives. Register now!