“My vision for Zinio has consistently been to create the industry’s premier platform to connect magazine publishers with digital consumers,” said David Gilmour, Zinio’s primary shareholder. “I’m thrilled that this vision has finally come to fruition, with a platform that’s now been adopted by leading publishers and distributors around the world, and that the company has found in Naviga an owner that can further accelerate Zinio’s momentum, growth and impact on the industry.”
“At Zinio, we are dedicated to providing magazine publishers with comprehensive content conversion, editing, and distribution services for wherever content is consumed digitally,” said Kelly Conlin, Zinio Chairman and CEO. “We are excited to join Naviga to further our pursuit of providing all content publishers with the technology they need to easily and effectively expand distribution and monetization opportunities.”
“The Zinio team is perfectly suited to join Naviga in our mission to deliver easy to use, scalable solutions focused on the entire lifecycle of content and the success of our customers,” said Scott Roessler, Naviga CEO. “Adding Zinio’s platform to Naviga further extends our ability to help all content creators realize the power of their most valuable asset.”
The transaction closed on May 24, 2019. Financial terms have not been disclosed.