PHOENIX, May 14, 2013 /PRNewswire/ -- Najafi Companies announced today that it has invested in and become a significant strategic shareholder of MeeGenius, a leader in the children digital education book space.
Daniel Shum, partner of Najafi Companies commented, "Through a curated library of titles including partnerships with key publishers and brands, MeeGenius has built a strong and leading digital platform to fulfill and to enhance the learning experience for children. We are delighted to have an opportunity to partner with the world-class team at MeeGenius to further expand on the reach and scale of their offerings."
Investment in MeeGenius represents a continuum of Najafi's enhanced strategic focus in the digital space. Najafi also owns Chapitre eBooks, a leading digital French book platform in Europe. Through the acquisition of Cinram in 2012, Najafi became owner of 1K Studios, an innovative digital media company located in Burbank, Calif.
Wandy Hoh, co-founder and CEO of MeeGenius is pleased with the new partnership. "Najafi group's strategic vision and assets coupled with financial strength provide a unique partnership to propel MeeGenius to the next growth stage. We look forward to broadening our digital offerings to meet the increasing demand from educators, parents and our young readers."
MeeGenius is the fun, easy-to-use library of e-books that parents trust and children love. Focused on assisting the learning process, MeeGenius e-books are available with read-along word highlighting, rich illustrations and "read-to-me" narration. The MeeGenius library works across iOS devices, Android tablets and phones, and your computers - turning anytime into story time for young readers.
About Najafi Companies
Najafi Companies is an international private investment firm based in Phoenix, Arizona, with offices in New York, Paris, Toronto and holdings in sectors including consumer, media, technology, industrial, energy and real estate across seven countries. The firm makes highly-selective investments in companies with strong management teams across a variety of industries, often in areas undergoing rapid technological transformation. The firm takes a long-term view on its investments and focuses its efforts to create value through growth and superior performance. Najafi Companies funds its investments with internally generated capital, not through a fund. Free from the restrictions of a fund, the firm is able to move quickly and decisively when investing, and with no requirements to return capital to outside partners, Najafi Companies is able to make investments that create maximum value for the long-term.
SOURCE Najafi Companies