Information Today
Volume 18, Issue 5 May 2001
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netLibrary Sells peanutpress.com to Palm, Inc.

netLibrary, Inc. has announced that it has sold peanutpress.com, Inc., its Handheld Products division and wholly owned subsidiary, to Palm, Inc., a provider of hand-held computers. The deal includes a Web-based storefront containing a growing list of 2,000 titles from U.S. publishing houses. It also includes the Peanut Reader, an e-book reader application that runs on Palm OS handhelds using Palm OS 3.0 and higher and on Pocket PC handhelds. Peanut Reader and peanutpress.com will be called Palm Reader software and Palm Digital Media respectively.

In response to a request from Information Today, netLibrary issued the following statement by e-mail about the sale:

Selling peanutpress.com enables netLibrary to achieve two goals. First, to increase our focus on our core business, which is to provide a world-class e-book technology solution for academic, K-12, corporate, government, and public libraries. Second, to increase our efforts to develop solutions for an equally successful e-textbook platform and to ensure we provide the content necessary to support the growing e-learning market. We are committed to continually improving every aspect of our e-book and e-textbook technology solutions. First and foremost, that means we will continue to integrate our solutions into the familiar library methods and systems. Additionally, we will continue to provide viable options for supporting the business needs of our publishers, distributors, library automation software providers, librarians, library patrons, professors, and students. In recent months, our increased focus on the institutional library market has enabled us to serve a growing demand for e-books, enabling adoption of more than 30,000 titles across more than 5,500 libraries and institutions worldwide.
Source: netLibrary, Inc., Boulder, CO, 303/415-2548; http://www.netlibrary.com.
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