Since OverDrive is now officially owned by a foreign company — about a year ago, it was acquired for $410 million by Rakuten Inc., which is often described as Japan’s version of Amazon — it’s only appropriate that to talk about its international expansion efforts first.
In March, OverDrive hired Steve Rosato to help lead those efforts. One of his main jobs will be to sign deals with Spanish language publishers, which will help OverDrive sign up more libraries in Central and South America.
Although OverDrive has long served schools libraries, these days the company is pushing harder to get schools to use its system for another purpose: Borrowing textbooks and other materials for students to use in the classroom. That effort is driving most of the growth in OverDrive’s education segment, Potash noted.
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