Vancouver’s PDFTron Systems has landed a strategic growth investment from Thoma Bravo, a private equity investment firm focused on the software sector.
PDFTron’s highly configurable software development kits (SDKs) help more than 2,000 customers improve productivity, accelerate application development lifecycles, and reduce time to market.
Since its founding in 1998, PDFTron has developed the industry’s definitive document processing platform, which provides organizations with a secure, cost-effective, and reliable way to embed advanced document functionality within their software applications.
Thoma Bravo’s investment is expected to drive increased innovation within PDFTron’s document processing technology platform and accelerate the company’s growth trajectory in the document processing market. According to the announcement, existing investors Silversmith Capital Partners and the PDFTron management team will remain significant shareholders.
Last month PDFTron Systems acquired Colorado’s Windward Studios, their fifth acquisition since receiving a $71 million growth investment from Silversmith in 2019.
“Partnering with Thoma Bravo a short two years after our first external investment from Silversmith is validation of our category leadership, focus on innovation, and the scale of the market opportunity ahead of us,” said PDFTron Co-Founder and CEO Catherine Andersz.
“Thoma Bravo shares our commitment to deeply understanding our market and anticipating customer needs to fuel further product innovation. We look forward to sharing the benefits of their software expertise and investment capital with our clients, partners, and employees.”
Photo: Chung Chow, BIV
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