Vancouver’s PDFTron Systems has acquired New Zealand’s Solid Documents, a provider of best-in-class document reconstruction and archiving solutions embedded in blue-chip company internal software, including that of Coca-Cola and Volvo.
The deal marks the sixth acquisition as part of PDFTron’s roadmap acceleration strategy since receiving a $71 million growth investment by Silversmith Capital Partners in 2019 and strengthens the company’s position as the definitive document processing platform for software architects, enterprise application developers, and consumers.
The Solid Documents acquisition comes in the wake of a major strategic investment into PDFTron by leading private equity firm Thoma Bravo earlier this year.
Thoma Bravo’s investment has accelerated PDFTron’s footprint growth strategy as it establishes the first truly end-to-end digital content platform.
“Converting PDF into MS Office formats is recognized as notoriously challenging within the document technology industry. And without question, Solid Documents is the leading innovator in this area of specialization. Its PDF to Word, Excel, and Powerpoint offers unparalleled accuracy in terms of formatting and content preservation,” said PDFTron Founder and CTO Ivan Nincic.
“We welcome them on board as a significant complement to our team, roadmap, and future offering. Together, we can provide our customers unparalleled flexibility to have their users work with and edit documents the way they want, with all major document file types, and across all major platforms.”