Cosimo, Inc. announced that it has agreed to acquire the Paraview Press and Paraview Special Editions imprints from Paraview.com, Inc. This is the result of a reorganization at Paraview.com, whereby the latter will focus on its co-imprint with Simon & Schuster, Paraview Pocket Books.

This is an important step in fulfilling Cosimo’s objective to create a balanced portfolio of books online that appeal to cultural creative audiences. “Cultural Creatives” refers to a global audience of approximately 250 million people who are interested in health and science, media and culture, personal development, politics and society.

As part of the reorganization at Paraview.com, Alexander M. Dake is stepping down as its CEO and will continue as CEO of Cosimo. Mr. Dake said of this transaction:

“This transaction is the right thing to do for Paraview.com, Cosimo and the authors involved. It gives the best opportunity for each company to grow and develop: Paraview will dedicate its resources to its joint imprint with Pocket Books, while Cosimo will focus on the Paraview Press and Paraview Special Editions imprints as well as continue to expand its existing library of Classics and new titles. I believe that this focused approach will benefit our authors who look to get published fast and have their voices heard effectively.”

Cosimo will continue to use the Paraview name on the acquired books. The Paraview titles involved in this transaction will continue to be listed on paraview.com and now on cosimobooks.com.