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E-Book Reader ReadMill Closing Down Following Acquisition

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The e book reader, ReadMill is closing down its app service, after it was acquired by Dropbox for a reported USD8 million.

The acquisition is the latest in a series where companies buy smaller start-ups less for the customer base and products, than for the staff and the technology they have developed.

ReadMill, a Germany based firm, had developed a clean iOS and Android app that had proven popular for its simple design and uncluttered look. It also supported the Adobe DRM, enabling users to download books from Nook and Kobo, as well as recent partnerships where it sold books itself.

However, the company had also developed technology that enabled users to drop notes into ebooks and share them with other readers -- and it may be that which DropBox is more interested in.

In a blog post, ReadMill said that "Readmill's story ends here. Many challenges in the world of ebooks remain unsolved, and we failed to create a sustainable platform for reading. For this, we're deeply sorry."

"Our team will be joining Dropbox, where our expertise in reading, collaboration and syncing across devices finds a fitting home."

The service will close down on the 1st July.

On the web: ReadMill

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Tags: dropbox  readmill