RR Donnelley Acquires LibreDigital; Extends e-Reader Services Into Book, Magazine and Newspaper Segments
Enhances Relationships With Retailers, e-Reader Providers and Publishers to Enable Marketing, Sale and Delivery of Content Across Multiple Channels
CHICAGO, Aug. 17, 2011 (GLOBE NEWSWIRE) -- R. R. Donnelley & Sons Company (Nasdaq:RRD) today announced that it has acquired Austin, TX-based LibreDigital, a leading provider of digital content distribution, e-reading software, content conversion, data analytics and business intelligence services to book, magazine and newspaper publishers as well as to e-reader device providers.
"Through acquisitions and new product development we continue to extend RR Donnelley's reach across the breadth of the supply chain," said Thomas J. Quinlan III, the company's President and Chief Executive Officer. "Adding LibreDigital's proven, innovative capabilities to our digital content creation and delivery platform will enable us to offer our publishing, retail, e-reader provider and other customers an even broader selection of services."
LibreDigital (www.libredigital.com) is a pioneer of digital replicas for books and periodicals and today supports the e-reading supply chain with electronic preparation, distribution and engagement services. LibreDigital is a leading provider of e-content to more than 40 e-commerce sites, including those of leading tablet providers. LibreDigital's platform also enables publishers to market and sell digital content direct to the end consumer. Customers include leading publishers as well as manufacturers and marketers of standalone, tablet and mobile e-reading devices.
"With this acquisition we uniquely position RR Donnelley to support publishers and other customers with capabilities that include physical and digital production and distribution," stated John Paloian, RR Donnelley's Chief Operating Officer. "For example, we can produce books in quantities from one to millions, prepare the same content for distribution to e-readers and provide valuable business intelligence to our customers throughout the entire process."
"We look forward to providing the same level of high service to our customers and partners as part of the RR Donnelley team," said Russell P. Reeder, President and CEO of LibreDigital. "We also see strong potential for new synergies that create added value for publishers, e-reading marketplaces, and digital readers."
"With services constituting more than 10% of our revenue, robust digital content creation and distribution resources, and capabilities that span the breadth of the supply chain, RR Donnelley has completely transcended the role of an ink-on-paper provider," added Quinlan. "This acquisition enhances our capabilities as a provider of integrated communications solutions."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. Founded more than 146 years ago, the company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing products and services to leading clients in virtually every private and public sector.
For more information and for RR Donnelley's Corporate Social Responsibility Report, visit the company's web site at http://www.rrdonnelley.com
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to
update or revise any forward-looking statements.
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