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 IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. . -- 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 DIY abbr. do-it-yourself DIY or d.i.y. Brit, Austral & NZ do-it-yourself DIY abbr DIY do it yourself a DIY shop/job. online book publishing book publishing. The term publishing means, in the broadest sense, making something publicly known. Usually it refers to the issuing of printed materials, such as books, magazines, periodicals, and the like. solution, are poised to dramatically change the publishing landscape," said Bryan Smith, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. 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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Driscoll. AuthorHouse and iUniverse offices will remain open in all six locations around the world. For more information on Author Solutions, Inc., please 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 leading company in the world focused on helping authors publish, promote and sell their books. Through a variety of brands, the company offers the most comprehensive range of services to help authors reach their book publishing goals. Currently, Author Solutions provides services around the globe through the AuthorHouse, AuthorHouse UK, Rooftop, Wordclay and iUniverse brands. These different brands operate from offices in Bloomington, Ind.; Indianapolis, Ind.; and Milton Keynes Milton Keynes (mĭl`tən kēnz`), town (1991 pop. 36,886) and borough, S central England. Milton Keynes was designated one of the new towns in 1967 to alleviate overpopulation in London. It is the seat of the Open Univ. , England; Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. , Neb.; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. , China. www.authorsolutions.com About Bertram Capital Located in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. near Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. , Bertram Capital is a $350 million private equity firm. Bertram invests in innovative companies throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad, providing strategic insight, technical savvy and operational expertise that make it an attractive partner for companies looking to expand. Bertram's mission is to build value for equity holders, employees, customers and partners by helping already profitable companies realize their full operational and financial potential. For more information, please visit www.bertramcapital.com. About AuthorHouse Headquartered in Bloomington, Ind., AuthorHouse is the leading provider of publishing and marketing services for authors around the globe; last year publishing one out of every 30 titles in the United States. Since its founding in 1997, AuthorHouse has served the publishing needs of nearly 30,000 authors and produced more than 40,000 titles. AuthorHouse titles are available at more than 25,000 retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → worldwide including Amazon.com and BarnesandNoble.com. For media inquiries, contact Lauren Kinzler of Dittoe PR at 317-202-2280 or lauren@dittoepr.com. For company information, please visit www.authorhouse.com. About iUniverse Founded in October 1999, iUniverse has sold over 5 million books and is one of the largest self-publishing companies in the United States. In addition to the bookselling expertise provided by a strategic alliance with Barnes & Noble, iUniverse is the only self-publishing services provider that offers the same full range of services that authors would expect from traditional publishers, including industry-standard publishing, editorial and marketing services. iUniverse has helped more than 5,000 authors a year achieve their dream of becoming a published author. iUniverse has offices in New York City, Shanghai, China and Lincoln, Neb. For media inquiries, contact Heather Williams of Planned Television Arts at 212-583-2729 or williamsh@plannedtvarts.com. For company information, please visit, www.iuniverse.com. |
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