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Overdrive

Overdrive

OverDrive offers the largest digital content catalog in the world to more than 76,000 libraries, K-12 schools, colleges, universities, and corporations in ninety-four countries.

Overview

OverDrive offers the largest digital content catalog in the world to more than 76,000 libraries, K-12 schools, colleges, universities, and corporations in ninety-four countries. The company also offers digital reading platforms for libraries and students through their apps Libby and Sora, which make content available in over one hundred languages. OverDrive's largest foreign markets include the U.K., Australia, Singapore, Germany, Austria, New Zealand, Switzerland and Scandinavia and notable libraries and schools that use OverDrive include the London Public Library, the Toronto Public Library, the Verbund öffentlicher Bibliotheken Berlin, the City of Sydney Library Network, the Oslo Public Library, the National Library Board of Singapore and Education Queensland. In November 2021, OverDrive was awarded the U.S. President's "E" Award for Exports.

OverDrive’s majority investors are funds managed by KKR, a New York City-based global investment firm that acquired OverDrive from Rakuten in June 2020. OverDrive is headquartered in Cleveland, Ohio, and was founded by its CEO Steve Potash in 1986.

OverDrive is also a certified B Corporation, making the company part of global movement of people using business as a force for good™. OverDrive earned this certification on August 4, 2017 for its commitment to social and environmental performance, transparency, and accountability.

Libby - The Library App

Libby is OverDrive's library reader app downloadable from Apple's App Store and Google Play. Libby is available in over 90 percent of North American public libraries and in seventy-eight countries worldwide. The app offers access to thousands of ebooks, audiobooks, magazines, and other media content and is free to library users with no subscription costs, no in-app purchases, and no late fees.

Sora - The Reading App for Students

Sora is OverDrive's student reader app downloadable from Apple's App Store and Google Play. Sora provides schools access to a catalog of millions of ebooks, audiobooks, read-alongs and magazines, and schools can customize their collection for curriculum and self-selected reading. Sora is available in more than 53,000 schools worldwide and allows users to access their accounts from multiple devices, including chromebooks, tablets, laptops, desktops and phones.

Timeline

November 5, 2021
OverDrive receives US President's "E" Award for exports.
June 9, 2020
KKR acquires OverDrive from Rakuten.
April 2015
Rakuten acquires OverDrive for $410 Million.
1986
OverDrive is founded by Steve Potash.

Patents

Further Resources

Title
Author
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Date

News

Title
Author
Date
Publisher
Description
OverDrive
June 17, 2021
www.prnewswire.com:443
/PRNewswire/ -- OverDrive, the leading digital book and media supplier to libraries and schools worldwide, proudly announces that professor and social justice...
OverDrive
June 9, 2021
www.prnewswire.com:443
/PRNewswire/ -- OverDrive, the leading digital reading platform for libraries and schools worldwide, announced today that it is acquiring Kanopy, a leading...

References

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