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Pdftron Acquires Itext, Adding Significant Scale & Complementary Functionality For Developers

Apr 05, 2022•over 3 years ago

Acquiring Company

PDFTron

Acquired Company

iText

Information TechnologySoftwareSoftware

Description

PDFTron Systems Inc., the world's leading provider of digital content solutions for software developers, has acquired iText Group NV, the leading global open source PDF technology company. Created in 2000 and commercially available since 2008, iText's flagship product is a software library to create and manipulate PDF documents in Java and .NET. There are currently millions of iText users, both open source and commercial.

Company Information

Company

PDFTron

About

Headquartered in Vancouver, Canada, PDFTron is a premier global provider of high-performance digital content processing technology serving OEM and enterprise customers across a broad spectrum of industries. PDFTron's market-leading SDK drives digital transformation and powers next generation software applications with dynamic document viewing, annotation, processing, and conversion capabilities, as well as advanced features such as document understanding, data extraction, and redaction. PDFTron technology supports all major platforms and dozens of unique file types, including support for PDF, MS Office, and CAD formats. For more information, visit www.pdftron.com. SOURCE PDFTron

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed