ERP solutions company Klopotek has sold a majority stake in their business to Canada-based Valsoft, whose holdings include Aspire Software. Founder and ceo Ulrich Klopotek von Glowczewski will “step down from all his roles effective immediately due to personal reasons.” CTO and co-ceo Peter Karwowski will take over as ceo. Operating partner of Aspire Software Rafael Mazzeo says in the announcement, “The acquisition of Klopotek aligns seamlessly with their mission to remain at the forefront of the publishing technology domain, equipping publishers with advanced tools and solutions to navigate the evolving landscape successfully. The world class management team at Klopotek […]
Paramount Global also reported second quarter earnings on Monday afternoon, including solid results for Simon & Schuster, which continues to lead in performance among the reporting large trade publishers. Sales were just below flat at $292 million — compared to $293 million in 2022, which was a high comp to meet, since that quarter sales were up 34 percent from $219 million in 2021. Operating income continued to grow further still, at $91 million, up 14 percent from $80 million a year ago. Sales for the first half of the year are up 8 percent over 2022, and operating income […]
VP, director of publishing for the Clarion group Mary Wilcox will leave the company on August 25, after over 20 years at Houghton Mifflin Harcourt and then Harper Collins.
Bloomsbury Publishing chief executive Nigel Newton said in a statement regarding the tragic death of Bloomsbury USA president Adrienne Vaughan in Italy: “Our hearts go out to Adrienne’s husband and children, parents, family and friends. Bloomsbury is doing everything possible to provide the support they need on the ground in Naples and in the US. “The loss of Adrienne is a terrible blow. Since she was appointed President of Bloomsbury USA three years ago, America has grown to become our biggest market. “Adrienne was a natural business leader with a great future ahead of her. She was deeply loved by […]
Adrienne Vaughan, 45, president of Bloomsbury USA, died early Thursday evening in a horrific and heartbreaking boating accident off the Amalfi Coast of Italy. On vacation with her family, Vaughan was thrown from a chartered 29-foot sightseeing boat when it collided with a larger 130-foot sailboat carrying about 85 people as part of a wedding party. She was declared dead on the scene back onshore by first responders before a helicopter could take her to the hospital. Her husband Mike suffered more modest injuries, and their two children were not harmed physically in the incident. CNN later confirmed that initial […]
Private equity firm KKR has long been considered the leading contender among bidders for Simon & Schuster and the WSJ reports late Thursday that the investment firm is in “advanced talks” to buy the publisher, “for about $1.65 billion, according to people familiar with the situation.” KKR is believed to have bid the first time S&S was up for sale in 2020 as well, though the underbidder then was Vivendi — which had not secured control of Lagardere at the time. Harper Collins ceo Brian Murray testified last August that their bid in 2020 “was not close” to Bertelsmann’s $2.175 […]