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July 6, 2011By Michael Cader

eNews: Macmillan to Sell MPS Stake; Apps Are Adjusting to New iOS Rules; Another Subscription Offer

July 6, 2011By Michael Cader

Macmillan is putting their controlling 61 percent stake in the publishing solutions and services unit MPS up for sale. The Times of India says the Bangalore-based company employs about 1,000 people, but the company’s site says they have 2,500 employees worldwide. Standalone 2009 sales were approximately $30 million. The Times says “MPS has attracted interests from IT services players as well as financial investors. Macmillan’s divestment could help the company scale up operations winning more third-party businesses.” They say the sector has been active for M&A lately, adding that “there is also speculation that Aptara Solutions may launch a stake […]

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Filed Under: Apps/iOS, Direct publishing, eNews, Finance, New Business Models, Publisher services

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