AuthorHouse® Future
Grows Even Brighter with Bertram Capital Investment
Bloomington, Ind., January 19,
2007 --
Bertram Capital, a private equity firm based in Palo Alto,
California, has purchased Author Solutions, Inc., the holding
company for AuthorHouse, from Gazelle Tech Ventures, an Indiana-based
venture capital firm, in a transaction announced today by Bryan
Smith, president and CEO of AuthorHouse.
AuthorHouse is the leading provider of publishing and marketing
services for authors around the globe, last year publishing
1 out of every 30 book titles in the US. Since its founding
in 1997 by an aspiring author who was frustrated by traditional
publishing methods, AuthorHouse has helped approximately 30,000
authors publish nearly 40,000 titles.
“We were attracted to AuthorHouse because of the high-quality
reviews the company receives from their authors, which has
been the foundation for their impressive growth. Their continued
commitment to quality and service is an important component
of the business line extension we intend to pursue,” commented
Jeff Drazan, managing director for Bertram Capital.
Bryan Smith stated, “Bertram’s investment will
provide additional resources and opportunities for AuthorHouse’s
Indiana and UK-based workforce. With their commitment, we are
better positioned to extend our reach into the self-publishing
industry and offer additional products and services. They share
our excitement for the unprecedented resource AuthorHouse will
become for writers around the world. We expect Bertram will
be an excellent partner.”
About AuthorHouse
Headquartered in Bloomington, Ind., AuthorHouse
is the leading provider of publishing and marketing services
for authors around the globe and employs nearly 200 people
in its Bloomington, Indianapolis and UK offices. Through an
exclusive AuthorCentric Publishing Process, authors control
the creative process of crafting their books and can take advantage
of a full range of pre-publishing, publishing and promotional
services to help them reach their publishing goals. AuthorHouse
titles are available at more than 25,000 retail outlets worldwide
including Amazon.com and BarnesandNoble.com. For more information,
please visit www.authorhouse.com.
About Bertram Capital
Located in Palo Alto, California near
Stanford University, Bertram Capital is a $250 million private
equity firm. Bertram invests in innovative companies throughout
the United States and abroad, providing strategic insight,
technical savvy, and operational expertise that make it an
attractive partner for companies looking to expand. Bertram’s
mission is to build value for equity holders, employees, customers,
and partners by helping already profitable companies realize
their full operational and financial potential.
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