Valsoft Corporation, a Canadian company that specializes in the acquisition and development of vertical market software businesses, has acquired Above the Treeline (which includes Edelweiss). The company aims, it said, 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.
Valsoft added that "unlike private equity and VC firms, Valsoft does not have a predefined investment horizon," which often involves selling acquired companies in three to five years. Instead, Valsoft "looks to buy, hold, and create value through long-term partnerships with existing management and customers." It aims to invest in "established businesses and foster an entrepreneurial environment that shapes a company into a leader in its respective industry."
Edelweiss CEO and founder John Rubin said, "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. 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."
Anthony Caruso, investment partner at Valsoft, said, "We're thrilled to be partnering with John and Annie Rubin to drive forward the modernization of the book industry. 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's continued growth and to bring new features and products that will better serve the industry."