November 21, 2017

OverDrive’s Potash and Penguin Random House’s Applebaum Honored by UJA-Federation

At a high energy midtown New York gala, the UJA-Federation of New York honored Steve Potash, president and CEO of leading library ebook distributor OverDrive, Inc., and Stuart S. Applebaum, emeritus executive vice president of Corporate Communications at Penguin Random House. UJA’s annual Publishing Division Dinner, held May 24, marked the first time the organization has acknowledged someone entirely dedicated to digital content with its celebration of Potash’s contributions.

Kobo Parent Acquires OverDrive

Leading library ebook distributor OverDrive was sold to Rakuten on March 19 for $410 million cash, more than 16 times OverDrive’s annual earnings of $25 million. The purchase from private equity firm Insight Venture Partners, OverDrive’s majority owner since 2010, is scheduled to close in April. OverDrive will become a subsidiary of Rakuten USA, the U.S. arm of Japanese e-commerce company Rakuten. CEO Steve Potash will continue to lead OverDrive, and its headquarters will remain in Cleveland, OH.

OverDrive & Big (Private) Data | Editorial

Who owns library and patron user data? Libraries think they do but will that matter in an increasingly competitive landscape where data is very valuable?