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PDFTron Buys ActivePDF

June 26, 2020

PDFTron has bought ActivePDF, a California-based global provider of high-volume and scalable server-side PDF automation components to 40% of Fortune 500 companies.

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.

Some 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 Alternative Credit.

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