Rakuten Kobo Acquires Shelfie Technology
Acquisition sets the stage for innovative advancements in tailored eBook discovery, recommendations, and digital book bundling
Deal includes Shelfie R&D team
Toronto, April 05, 2017 – Rakuten Kobo Inc., one of the world’s most innovative eReading companies, today announced it has acquired Shelfie, a service that was built to enable customers to get free or discounted eBook versions of books in their print libraries, and get recommendations based on print books they already own. The deal includes technology assets, IP, and the infrastructure on which the ecosystem runs; it also includes hiring Shelfie’s skilled team, which specializes in the application of big data and machine learning for book discovery.
Shelfie ceased operations this January. Kobo worked with Shelfie to offer its customers the opportunity to transfer their eBook libraries to Kobo’s platform, ensuring they would continue to have access to their digital books. Over the coming months, Kobo will work to integrate the Shelfie platform into its Android and iOS apps, enabling readers to add their print libraries to their reading history to generate ever more tailored eBook recommendations, as well as the option to get digital versions of print titles they already own.
Founded in 2013 by Peter Hudson and Marius Muja, as BitLit Media Inc., Shelfie grew to offer more than 450,000 eBooks and audiobooks that booklovers could purchase at a discount or download free of charge. Via any iOS or Android device, users snapped a photo of their bookshelf, and through patented technology, Shelfie scanned the spines of every book to identify titles and give readers a complete inventory of their collection, and served them the available equivalent titles in digital—free of charge or at a promotional price. The service also used the titles on the shelf as data, combined with digital reading data, to generate personalized recommendations.
“We know our best customers move fluidly between formats, reading digitally and in print, and we welcome this opportunity to bring their entire reading life together. People who come to Kobo already have a history of reading in print that we don’t want to ignore. This acquisition will allow us to expand our ecosystem by incorporating Shelfie’s innovative advances in book recommendation, discovery, and bundling, which is especially interesting considering our large network of bricks-and-mortar bookselling partners,” said Michael Tamblyn, CEO, Rakuten Kobo Inc.
“We’re proud of what we’ve built, and in Kobo, have found the perfect platform to expand on what Shelfie has to offer, on a global scale,” said Peter Hudson, CEO, Shelfie. “Finding the next book to read is a challenge that resonates with many booklovers, who increasingly are looking to personal recommendations as opposed to algorithm-based suggestions. With Shelfie’s technology, avid readers will easily be able to find the next must-read book.”
About Rakuten Kobo Inc.
Owned by Tokyo-based Rakuten and headquartered in Toronto, Rakuten Kobo Inc. is one of the world’s most innovative eReading services offering more than 5 million eBooks to millions of customers in 190 countries. Believing that consumers should have the freedom to read any book on any device, Kobo provides people with a choice when reading. Kobo offers an eReader for everyone with a wide variety of E Ink eReaders to suit any Reader’s style including the Kobo Aura, Kobo Aura H2O, and Kobo Aura ONE. Along with the company’s free top-ranking eReading apps for Apple®, BlackBerry®, Android®, and Windows®, Kobo ensures the next great read is just a page-turn away. Kobo’s award-wining eReaders can be found in major retail chains around the world. For more information, visit www.kobo.com.
Director, Public Relations
Rakuten Kobo Inc.