Lowenstein represented Bookstat, an industry leading data subscription service and analytics platform that tracks all online book purchases in physical, ebook and audiobook formats, in its acquisition by the digital publisher Podium Audio. Podium’s acquisition of Bookstat is accompanied by a planned investment to further develop the subscription service’s product capabilities and real-time data insights.
Founded by serial entrepreneur Paul Abbassi, Bookstat tracks all online book purchases (physical books, ebooks and audiobooks) from industry leading retailers Amazon, Apple and Barnes & Noble. Unlike Nielsen PubTrack and the AAP’s Statshots, which only tally self-reported sales from a narrow sector of the publishing industry, Bookstat provides visibility into the whole market and is the only industry data service that tracks all online book purchases at the retail point of sale regardless of publisher type.
Abbassi will remain with the company, working in conjunction with Podium management as a technology consultant continuing to lead Bookstat’s development and expansion.
The Lowenstein deal team included Anthony W. Raymundo, Leah Satlin, and Kristin V. Taylor.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.