Undisclosed Investors Invest $4 Million in LibreDigital

Based in Austin, Texas, one of the nation’s largest digital reading materials company, LibreDigital has announced on January 31, 2011, that it has secured $4 million in funding from undisclosed investors to help fund new digital reading material for the digital public. Since 2010, LibreDigital has accumulated a rather impressive portfolio of clients and partners to deliver digital reading material. Some of the clients, who’s deals that LibreDigital has acquired is Apple’s iBookstore, which is one of the largest e-book providers for Apple users. Other clients LibreDigital has acquired since its founding include NOOKcolor and Sony, which offer digital readers high resolution color books, newspapers, magazines, and other periodicals.

According to the President and CEO of LibreDigital, Russell Reeder, LibreDigital has been providing the digital reading public with digital reading material for over ten years and has created an easy to use platform which allows clients to provide their customers books, newspapers, and magazines in digital format to websites and mobile devices. Mr. Reeder further added that with the proceeds from this investment, the company will be able to develop and bring to market new technologies to deliver a higher quality reading material much faster in all three media.

One of the greatest innovations that LibreDigital has provided in 2010 is that it has provided a secure html5 platform for digital media for mobile devices which use html5 technology. Currently, the html5 platform is used by some major publishers, such as Starbucks Digital Network through thee Bookish Reading Club.

Proceeds from this funding round, as Mr. Reeder stated, will be used to enhance new technologies, such as the secure html5 reading platform through all media types. These new products and technologies which LibreDigital has developed will add to the ever growing portfolio of LibreDigital’s clientele. Many of the nation’s largest publishers already LibreDigital’s platforms for their e-books, such as Barnes & Nobles, Google, Amazon, along with the other above mentioned publishers.

LibreDigital was originally founded in 1999, when the advent of the internet and mobile technology was still in its infancy and the company saw the potential of digital media becoming a revenue-generating commodity. From the very beginning, LibreDigital has developed innovative technology to place then books, newspapers, magazines, and other widely read periodicals on paper into digital format. With the advent of the e-book, LibreDigital seized the opportunity to lead the industry. Since then, LibreDigital has provided publishers a stable and secure platform to place printed media into digital format.