Company Growth Jumps as Consumers Turn to eReaders and Digital Devices to Enjoy their Favorite Books, Newspapers and Magazines
AUSTIN, Texas, October 20, 2009 — LibreDigital, Inc., the company leading publishers turn to for marketing, publishing and distributing digital content, today announced that it ranked number 334th on Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. LibreDigital grew 370 percent during this period.
“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. “We congratulate LibreDigital on this accomplishment.”
Overall, Technology Fast 500™ award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.
“Our growth has been fueled by the increasing consumer demand for digital content,” said Russell P. Reeder, President and CEO of LibreDigital, Inc. “We help the world’s top publishers deliver their books, newspapers and magazines to the smart phones, computers and eReading devices consumers use daily – a market where continued growth is projected for years to come.”
LibreDigital works with six of the world’s top ten book publishers, including HarperCollins Publishers, Hachette Book Group, Simon & Schuster and Wiley, and many of the leading newspapers. LibreDigital helps them to securely deliver content across an expanding array of digital channels, including eReaders, smart phones, search engines, online stores, and new print-on-demand devices. The LibreDigital BookBrowse feature allows authors and publishers to determine which portions of a book can be previewed online.
For more information visit www.libredigital.com. Twitter: @LibreDigital.
Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
About LibreDigital
LibreDigital makes it profitable to manage and market digital content, providing a web-based warehouse and distribution platform for six of the top ten book publishers and over 175 newspapers and periodicals. The LibreDigital solution allows publishers to store and secure digital content in any form, and to deliver content on-demand to any marketplace, consumer, or device. LibreDigital serves the world’s top firms in over 120 countries including HarperCollins Publishers, Hachette Book Group, John Wiley & Sons and Simon & Schuster. Backed by Adams Capital Management, Triangle Peak Partners, Noro-Moseley Partners, the New York Times Company, and HarperCollins Publishers, LibreDigital partners with a number of industry leaders, including Baker & Taylor, to provide a full range of solutions. LibreDigital is based in Austin, Texas, with offices in New York City and the United Kingdom. www.libredigital.com
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LibreDigital is a trademark of LibreDigital, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.
Heidi Johnson
heidi.johnson@virtualprdirector.com
(512) 493-0909
