28 May 2012

Ebook company anticipates 'unbelievable' growth

7:36 am on 28 May 2012

A New Zealand ebook application company is aiming to raise up to $5 million to take its business to the next level.

Backed by heavyweight American investor Peter Thiel and The Hyperfactory founder Derek Handley, Booktrack matches music and other sounds to text on a page using the reader's speed as a guide.

Booktrack co-founder and chief executive Paul Cameron is pleased with the company's performance and says there is room for "unbelievable growth".

Mr Cameron is in New York for Booktrack's launch of an e-story which US author Jay McInerney wrote exclusively for the company.

Mr Cameron says Booktrack aims to raise $1 - $5 million to expand the business and is hopeful that New Zealand investors will get behind Booktrack.

The company won two awards at the New Zealand High Tech Awards on Friday; the Software Product Award and the Most Innovative Mobile Technology Award.