Quebecor Media Strikes New ebook Partnership
Montreal, Quebec, May 18, 2012—Quebecor Media Inc. is happy to announce a new partnership with ReadBooks SAS, a France and Quebec-based company specializing in multi-language ebook libraries, software and consulting services. This partnership, which includes a minority participation in ReadBooks, will foster the development of new software for Archambault and Paragraph that will allow them to increase their offering and enhance the reading experience.
"Quebecor is happy to partner with an entrepreneurial team involved in such a growing and well positioned sector of today's digital and virtual economy. The entire ReadBooks team will be able to rely on the expertise of our various divisions that are already successful in this environment. We are particularly glad to gain access to ReadBooks' management's specific know-how in the book industry where Quebecor Media already assumes a leadership role in Quebec and which has been at the heart of our concerns and historical role in cultural industries" said Pierre Karl Péladeau, president and CEO of Quebecor, Quebecor Media and Sun Media Corporation.
"Through the worldwide sale of ebook bestsellers, ReadBooks has become a leader of the ebook revolution. We have put together a unique, playful and user-friendly offering aimed at putting our ebook apps in the hands of every ebook reader, on every continent and Quebecor Media's investment will bring us closer to reaching this objective," said Yannick Lacoste, president of ReadBooks.
Already well established, with 15 employees in Paris and 15 employees in Montreal, ReadBooks is planning, following this agreement, to double its Canadian staff before the end of the year, mainly in research and development.