Infinity Publishing Sell Majority Share to Investment Group

Infinity Publishing, one of the many author solutions services we have reviewed, yesterday announced that it had sold a majority share in the company to investment group New Harbour Partners LLC from Boston. Arthur Gutch, who is head of New Harbour, will now assume the role of CEO at Infinity Publishing with original founder Tom Gregory operating as a special consultant.
The move is intended to provide Infinity Publishing with access to greater capital in order to increase its publishing services for authors in the book publishing industry. Terms of the transaction were not disclosed.
According to Gregory:

“This agreement is an important step forward for Infinity Publishing, as it provides the company with deeper financial resources and broader management support in order to execute on the extraordinary business opportunities that lie in front of us right now.”

About Infinity Publishing

Infinity Publishing’s industry leading, author-originated book publishing method puts authors in control of the publishing process to carry out their unique vision for their book. Infinity’s authors retain all rights to their books, earn royalties paid monthly, and benefit from an extensive distribution network that is backed-up by Infinity’s generous bookstore return policy. The company’s unique print on demand book publishing platform was designed to support all authors with a story to tell, who have ever thought about writing a book, or who have been on an endless journey to find an agent or book publisher.

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