Kobo Acquires Aquafadas; Plans Expansion Into Magazines, Academic, Comics & Kids Books

TORONTO, October 9, 2012 -- Kobo, Inc., a global powerhouse in eReading with over 10 million users in 190 countries, and Aquafadas a leading digital publishing technology company, today announced they have entered into a definitive agreement under which Kobo intends to acquire Aquafadas. The global eReading market is exploding and with the acquisition of the Aquafadas Digital Publishing System, Kobo will be able to bring a selection of rich media – magazines, academic, comics, kid’s books and more to Kobo customers everywhere. Kobo and Aquafadas share a common vision of delivering rich content to consumers around the world and providing tools that enable publishers to easily produce this content.