Former First National Bank (FNB) CEO, Michael Jordaan, a partner of AngelHub ventures, has invested in the South African born ebook startup, Snapplify in an undisclosed amount.
Snapplify launched in 2011, providing e-book solutions for trade and academic publishers. Its ebook distribution hub Snappbox recently bagged an award for the Most Innovative Technology category at the FutureBook innovation Awards.
This investment will see to Jordaan joining the Snapplify board. The former banker with over 20 years’ experience plans to expand Snapplify in terms of product, team, users and markets across multiple countries.
https://twitter.com/MichaelJordaan/status/567242209255493632
“We believe that Snapplify can make a huge difference for accessibility to content and eBooks in the African market especially within education. Challenges such as textbook delivery problems, lack of internet infrastructure and other barriers can easily be resolved by a digital solution,” says Snapplify CEO Wesley Lynch. “These are the pressing problems that our team want to solve. Getting books from the world’s leading publishers into the hands of all South African students is currently our main priority.”
Snapplify provides solutions such as: Newsstand, eBook store, eBook Reader, SnappSafe DRM, eLearning Content Cloud, eBook distribution, SnappBox
SnappBox is typically an hardware distribution solution for eBooks, allowing students to access eBooks within the school via their intranet instead of having to download eBooks straight up from the internet.
Some of the global publishers already signed up with Snapplify are: Penguin Random House, Pearson, Oxford and Cambridge.
