Business

Apple to buy business with Iowa ties

The technology company plans to acquire Texture, a digital magazine service

The Texture app. (Texture/Apple)
The Texture app. (Texture/Apple)

Apple’s recently announced plans to purchase a digital magazine subscription service will give the technology giant some roots in the Corridor.

Earlier this month, Apple said it has reached an agreement to acquire Texture, an app that gives users unlimited access to digital magazines for a monthly fee, from Next Level Media. Apple did not disclose the dollar amount of the acquisition.

In 2015, Next Level Media opened a quality assurance office in Coralville for Texture.

The office now has 18 employees, Iowa City Area Development Group said Tuesday. The acquisition has ICAD eyeing the potential for Apple to put more employees there.

The economic development group “is hopeful that this acquisition will help increase that number and allow our region to develop a stronger relationship with Apple for future opportunities,” ICAD said in a news release.

Spokespeople for Apple and Texture did not immediately respond to emails asking how the acquisition would affect the Coralville office.

In addition to the Coralville office, Texture has ties to Des Moines-based magazine publisher Meredith Corp. Before the Apple deal, Meredith co-owned Texture with publishers Condé Nast, Hearst, Rogers Media and investment firm KKR.

l Comments: (319) 398-8366; matthew.patane@thegazette.com

Give us feedback

We value your trust and work hard to provide fair, accurate coverage. If you have found an error or omission in our reporting, tell us here.

Or if you have a story idea we should look into? Tell us here.

CONTINUE READING

Give us feedback

We value your trust and work hard to provide fair, accurate coverage. If you have found an error or omission in our reporting, tell us here.

Or if you have a story idea we should look into? Tell us here.