MONTREAL, QC / ACCESSWIRE / November 19, 2024 / Valsoft Corporation Inc. ("Valsoft"), a Canadian company specializing in the acquisition and development of vertical market software businesses, is pleased to announce its entry into the book industry software portfolio through the acquisition of Above the Treeline, Inc. (Edelweiss), a platform connecting publishers, booksellers, librarians, and book enthusiasts to market, sell, and discover new titles.

Edelweiss, widely recognized as an industry-standard digital platform, provides a centralized resource for book professionals to discover, sell, and order new book titles. The platform is used by all major publishers and hosts 95% of the US frontlist, making it an essential tool for managing frontlist and backlist sales. Its suite of analytical and workflow tools enables publishers, booksellers, libraries, and reviewers to "work better, read more," supporting an enriched and efficient book discovery process.

"We're thrilled to be partnering with John and Annie Rubin to drive forward the modernization of the book industry," said Anthony Caruso, Investment Partner at Valsoft. "Edelweiss has built an unparalleled reputation over the years, and its vibrant ecosystem - connecting industry professionals to discover both new and classic titles-is truly impressive. We're excited to support Edelweiss' continued growth and to bring new features and products that will better serve the industry."

This acquisition marks Valsoft's first venture into software for the book market. The company aims to deepen Edelweiss's impact in the U.S. with its flagship suite while also leveraging Valsoft's global reach and expertise to expand internationally. The Edelweiss team will remain in their leadership roles, dedicated to supporting and expanding the company's impact.

"Since we started the business in 2002, we've been driven by an unwavering commitment to ensure the long-term health and sustainability of the book industry," stated John Rubin, CEO and Founder of Edelweiss. "We are excited to have Valsoft as a partner in this mission and are confident that our shared values and vision will enable us to maintain our unique culture, drive growth, and secure a strong, enduring future for Edelweiss."

About Edelweiss

Edelweiss provides digital solutions that make the lives of book professionals easier. Founded in 2002, more than 1,200 customers and over 250,000 users trust Edelweiss to be their partner and trusted resource. For more information about Edelweiss: https://www.edelweissplus.com

About Valsoft

Valsoft acquires and develops vertical market software companies that deliver mission-critical solutions. A key tenet of Valsoft's philosophy is to invest in established businesses and foster an entrepreneurial environment that shapes a company into a leader in its respective industry. Unlike private equity and VC firms, Valsoft does not have a predefined investment horizon and looks to buy, hold, and create value through long-term partnerships with existing management and customers. Learn more: www.valsoftcorp.com

Valsoft was represented internally by David Felicissimo (General Counsel), ShinJay Choi, Senior Legal Counsel and Pamela Romero, Paralegal. Edelweiss powered by Above the Treeline was represented by Hennepin Partners LLC (exclusive financial advisor) and Varnum LLP (legal counsel).

Media contact information:
Communications and Public Relations
Valsoft Corporation
communication@valsoftcorp.com

SOURCE: Valsoft Corp.