[Press Release]Leading Children’s App Developer Cupcake Digital Acquires zuuka Inc. and its iStoryTime App LibraryCupcake Digital, Inc., a leading developer of award-winning children’s enhanced storybook, interactive play and gaming apps, has acquired zuuka Inc., developers of the popular iStoryTime Library. This strategic acquisition effectively positions Cupcake Digital as one of the largest independent children’s app developers, with a combined app library of over 250 titles and a download base of over 8.5 million.“The synergies that are created by bringing Cupcake and zuuka together are ideal,” said Cupcake Digital Chairman & CEO Brad Powers. “Both companies have been focused on creating top-ranked, innovative apps featuring well-known entertainment characters that kids and parents love. The acquisition expands our entertainment license portfolio and will leverage Cupcake’s proprietary technology platform, enabling us to launch new interactive apps and storybooks that give children, parents and caregivers even more choices from a brand they trust.”Investment Manager Lukas Bennemann from venture capital group CFP Investments/venturecapital.de commented: “I loved the idea of combining zuuka and Cupcake Digital from the start. Both companies share the same spirit and vision and surely make a perfect fit. As a shareholder of this newly combined entity, CFP Group foresees a major impact …read more

Via: Digital Book World