Earselect was acquired by Storytel.

Earselect, a Vaxholm (Stockholm), Sweden-based developer of an audio platform, announced that it was acquired by the local company from Sweden, Storytel.

Financial details of the transaction were not disclosed.

Earselect, founded in 2017 by Källqwist, developed and sells a SAAS for audiobook production remotely. The company had sales of SEK 9.1 million ($1M) with a profit of SEK 2.4 million in 2018.