By ET Bureau - November 21, 2022 2 Mins Read
PDFTron Systems Inc., the world’s leading provider of document processing technology for developers and enterprises, today announced the acquisition of cloud-based electronic signature innovator, eversign GmbH.
Founded in 2017 and based in Vienna and London, eversign has rapidly become one of the most recognized and innovative entrants in the e-signature market. Over half a million unique registered users leverage its secure platform to create, edit, and share documents with legally binding and compliant e-signatures.
The transaction accelerates PDFTron’s expansion into the no-code space. With eversign’s complementary offerings and expertise, PDFTron can further extend its platform’s unparalleled technology and tools, advancing PDFTron’s leadership position in the end-user market and helping organizations of all sizes fast-track their digital transformation and convergence goals.
The acquisition is PDFTron’s third in Europe and second in the end-user market in 2022. PDFTron’s recent acquisitions have been fueled by strategic growth investments: by growth equity investor Silversmith Capital Partners in 2019 and Thoma Bravo, a leading software investment firm, in 2021.
“Over the past two years, we have created the world’s foremost platform for document processing technology, catering to the needs of the largest enterprises and most innovative commercial software providers seeking to develop leading experiences and cost-effective processing for their end users and customers,” stated Cassidy Smirnow, CEO of PDFTron. “Today, we are thrilled to share the next exciting step in our platform journey as we welcome the eversign team. This combination will further strengthen our ability to deliver powerful, team-based document creation, viewing, manipulation, and signing services to our customers—all in one place.”
“Our mission is to help both small and large businesses make the digital leap, and we are thrilled to join forces with the PDFTron team to scale that vision to even more customers,” said Hannes Aigner, CEO of eversign. “Marrying our intuitive and affordable e-signature products with PDFTron’s leading document technology will help digitize more transactions and bring teams unparalleled productivity and efficiency. We look forward to what we will create together in enabling organizations, developers, and end-users to eliminate paper and fuel transformation.”
PDFTron was advised on the transaction by KPMG US, DORDA Rechtsanwälte GmbH, Choate Hall & Stewart LLP, and Crosslake Technologies. eversign GmbH was advised by PEAK Technology Partners and EY Law.
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