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Author Solutions, Inc. Completes Acquisition of iUniverse.
iUniverse Joins AuthorHouse As Part of Author Solutions, Inc. to Give Authors More Options and Control
BLOOMINGTON, Ind. -- Author Solutions, Inc. today announced it closed the previously announced acquisition of iUniverse, a leading self-publishing company. iUniverse will join AuthorHouse as one of the brands of Author Solutions, the world's leading self-publishing company. Author Solutions, a Bertram Capital-owned holding company, was acquired by Bertram in January 2007. Financial terms of the deal were not disclosed.
"iUniverse's commitment to providing authors with the publishing expertise required for professional results falls directly in line with the goals of Author Solutions," said Jeff Drazan, managing director of Bertram Capital. "Both iUniverse and AuthorHouse will provide authors of all experience levels with the most comprehensive knowledge base and tools necessary to help them achieve their self-publishing goals."
Author Solutions is committed to strengthening the offerings of AuthorHouse and iUniverse while maintaining their respective identities in the marketplace.
"Together, these two companies, along with Wordclay, our free DIY online book publishing solution, are poised to dramatically change the publishing landscape," said Bryan Smith, CEO of Author Solutions and AuthorHouse "As the trend of author-centric publishing continues, our large size and vast knowledge of the publishing industry are invaluable to authors looking for everything from the control of a free DIY Web-based publishing option to high-end personal attention with unwavering support throughout their publishing experience." Smith added, "In the end, this makes the world better for authors and readers because together we can offer more options, more services and more opportunities.
"We want to provide authors with the widest range of resources to self-publish, so we will continue to identify the different strengths of each company and work hard to further enhance and expand those offerings," said Susan Driscoll, president and CEO of iUniverse. "One of our goals is to provide clarity in the marketplace so self-published authors can easily choose the path that is best for them. We will draw on the expertise of AuthorHouse and iUniverse professionals worldwide to help us achieve that goal," according to Driscoll.
AuthorHouse and iUniverse offices will remain open in all six locations around the world.
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