|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
Source: netLibrary, Inc., Boulder, CO, 303/415-2548; http://www.netlibrary.com.