Penguin Random House has sold the Seattle-based company Smashing Ideas, which they bought seven years ago (the first acquisition under Markus Dohle, prior to the merger with Penguin). The unit, which provides “consults across the product design and development lifecycle,” was sold to IT service provider Luxoft, for undisclosed terms. PRH US president, director of strategic development Nina von Moltke says in the announcement: “Penguin Random House and Smashing Ideas have enjoyed a long and productive working relationship. While we have continued to work together on several exciting digital product experiences, we believe that moving forward, Smashing Ideas, and its exceptionally […]
