Corporate History
The company was founded in 2000 by Douglas Ross, who had previously run a computer systems company, and Andrew Bilinski, who had worked for the US Air Force, EDS & BDM International. Ross originally come up with the idea for Booksfree in 1999, and after selling his company was looking at what to do next. US$1 million of start-up funding was provided by friends & associates. In 2008, Booksfree was recognized by Inc. Magazine as one of America’s top 5,000 fastest growing privately held companies. In February 2009 they shipped their 2 millionth book. In May 2010, the company launched a complementary online book and audiobook swap service BooksfreeSwap. The free book swap service was developed in response to customer demand for books and audiobooks that were not available through their rental service. An audiobook download and streaming service AudiobooksNow was started by Booksfree in January 2012 to meet the growing demand for digital content.
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