PDFTron Buys ActivePDF
June 26, 2020
has bought ActivePDF, a California-based global provider of high-volume
and scalable server-side PDF automation components to 40% of Fortune 500
The deal builds upon PDFTron's first acquisition of San Jose-based BCL
Technologies just three months ago in March 2020, and marks another
milestone in the company's expansion following the $71M growth
investment led by Silversmith Capital Partners in May 2019.
"ActivePDF is an extraordinary company with an amazing team and
products," said Catherine Andersz, PDFTron co-founder and CEO.
"Combining PDFTron's market-leading client-side technology and document
SDKs with ActivePDF's high-volume document automation and
no-code/low-code developer solutions will create an end-to-end document
technology platform expediting our vision of changing the way the world
works with documents."
The combination of PDFTron and ActivePDF creates strong synergies that
will drive the next-generation of digital transformation solutions and
innovation. Both companies have a solid, long-standing expertise in PDFs
and documents. With documents at the center of digital transformation,
the ActivePDF acquisition positions PDFTron to play a greater role in
helping enterprises accelerate change across every part of their
business, to increase operational efficiency and differentiated customer
experiences. Additionally, the relentless focus that both companies have
on customer satisfaction, will ensure that the acquisition will create
long-term benefits for customers.
"PDFTron's highest priority has always been the utmost satisfaction of
our customers and building a great company culture with an
entrepreneurial and innovative spirit. We are confident that the
acquisition of ActivePDF will support these key values in the
long-term," added Andersz.
of ActivePDF's notable customers include DocuSign, The US Department of
Defense, Nationwide Insurance, PwC, Paychex and Barclays.
Tim Sullivan, Founder of ActivePDF, stated, "This partnership highlights
and promotes the strengths between our two companies. Both PDFTron and
ActivePDF have pedigrees in PDF knowledge and digital transformation
technology and the resulting combination of the two will benefit the
market like no other has done before. We are very excited about the
synergies between our two organizations and what that means for our
customers and the industry as a whole."
Choate, Hall & Stewart and the Canadian office of Gowling WLG served as
legal counsel to PDFTron, while Rutan & Tucker served as legal counsel
to ActivePDF. Deloitte Canada served as accounting and tax diligence
advisors to PDFTron. Debt financing was provided by First Eagle