MAIN NEWS HEADLINES
September 13 – September 20, 2007 Edition
Merge to Form
BLOOMINGTON, IN/9/7/07–AuthorHouse and iUniverse have agreed to terms that will add iUniverse to the Author Solutions, Inc. family of brands. The transaction was announced jointly September 6 by Bryan Smith, president and CEO of Author Solutions and AuthorHouse, and Susan Driscoll, president and CEO of iUniverse. Author Solutions, Inc., a Bertram Capital-owned holding company, was acquired by Bertram in January 2007. Financial terms of the deal were not disclosed.
As technology advances, more people can achieve their dream of publishing a book, said Jeff Drazan, managing director of Bertram Capital. That means whether an author needs an online DIY publishing tool, a traditional publishing arrangement or comprehensive author services to self publish, Author Solutions can help. Drazan went on to say, We are excited about the future of publishing and are committed to providing the investment needed to make Author Solutions, Inc. the preeminent worldwide provider of author and publishing services.
Theres no question that publishing is increasingly becoming more author-centric, said Susan Driscoll, president and CEO of iUniverse. We have always been focused on providing authors with the publishing expertise required for professional results. Now, through Author Solutions, we have a terrific opportunity to provide all authorsboth self-published and traditionally publishedwith the broadest range of services to help them achieve their individual goals for success.
At AuthorHouse, we have built our brand by making service to the author our first priority, said Bryan Smith, president and CEO of Author Solutions and AuthorHouse, and iUniverse has done a great job leveraging their traditional publishing experience to make authors successful. By bringing the two biggest forces in self-publishing together, we will draw on the unique strengths of both brands and offer an even better suite of publishing services for authors.
Smith added, Offices will remain in all six locations around the world, and we will continue to aggressively pursue additional growth opportunities globally.
For more information on Author Solutions, Inc., visit www.authorsolutions.com. Further information on AuthorHouse and iUniverse can be found at www.authorhouse.com and www.iuniverse.com, respectively.
About Author Solutions, Inc.
Author Solutions, Inc, which is owned by Bertram Capital, is the world’s leading self publishing company. Through a variety of brands, the company offers a range of services worldwide, through the AuthorHouse, AuthorHouse UK, Rooftop, Wordclay and iUniverse brands. These different brands operate from offices in Bloomington, Ind.; Indianapolis, Ind.; and Milton Keynes, England.; Lincoln, Neb.; New York City and Shanghai, China. www.authorsolutions.com
About Bertram Capital
Located in Palo Alto, Calif. near Stanford University, Bertram Capital is a $350 million private equity firm. Bertram invests in innovative companies throughout the United States and abroad, About AuthorHouse
Headquartered in Bloomington, Ind., AuthorHouse is the leading provider of publishing and marketing services for authors around the globe. Since its founding in 1997, AuthorHouse has produced more than 40,000 titles.
Founded in October 1999, iUniverse has sold over 5 million books and is one of the largest self-publishing companies in the United States. iUniverse has offices in New York City, Shanghai, China and Lincoln, Neb.