Investment group Ambient Sound Investments (ASI) has announced a Euro 400000 injection in an online publisher Versita. The fast growing Polish venture is seeking to become a leading scientific online publisher and electronic publishing technology provider in Central and Eastern Europe.
As a result of the investment deal, ASI will acquire 20 percent of the publishing company. Versita is claimed to be the first venture in Poland so far to attract the backing of ASI - investor with particular interest in innovative technology companies of Central and Eastern Europe. The cooperation with ASI is projected to help the online publisher bring world class electronic publishing technology solutions such as MetaPress, Editorial Manager and ebrary to scientific and professional content publishers of Central and Eastern Europe. Versita will also set up local language platforms for e-content distribution in the countries of the region.
The publisher will first concentrate on the larger markets of Central and Eastern Europe, such as Poland, Russia and the Czech Republic. It will then expand to other countries of the region in the coming years.
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