LibraryThing has sold a minority interest in the enterprise to Cambridge Information Group, which owns Bowker (as well as AquaBrowser, ProQuest, Serials Solutions and RefWorks). LT’s Tim Spalding writes on his blog that a key factor was “moola.” He notes, “LibraryThing has been profitable for a while, but we didn’t have much of a cushion. It was a nail-biter. We needed servers and new employees, but what if we had a few down months? And did I mention the economy is sick? (Cut to Tim worrying.) The CIG deal frees us from worry and gives us room to grow. While […]
