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This month, a significant publishing acquisition occurred which turns all of the shares of Quality Solutions/Firebrand Technologies over to a Japanese company’s US operations, Media Do International. Firebrand is the parent company of popular ARC distributor and potential review source, NetGalley.
Launched in 2008 shortly before BookExpo America by Rosetta Solutions, the review site has seen a steady, significant amount of growth over the years. It has changed hands a couple of times, and along the way it has grown even larger. It now has working relationships with a number of major publishers and their imprints, as well as accepts individual titles from smaller publishers and self-published authors for review.
Fran Toolan remains CEO for at least three years, as the US subsidiary of Tokyo’s Media Do acquires all shares of Firebrand and NetGalley.
Image: Opening panel on NetGalley’s Japan site
Toolan: ‘Continuity for Our Customers’
In an announcement made to members of the press this evening (February 1), Fran Toolan founding CEO of Firebrand Technologies, which owns NetGalley has announced that both companies have been sold to Media Do International.
Seated in San Diego, Media Do International is the American subsidiary of Tokyo’s Media Do Ltd. In Japan, the company was founded in 1994 by Yasushi Fujita, reportedly while in his junior year in college. The US company was created in 2016.