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Pspdfkit Acquires Leading Document Software Provider Muhimbi

Jan 25, 2022over 3 years ago

Acquiring Company

PSPDFKit

Acquired Company

Muhimbi

ViennaSoftware DevelopmentPrivacy And SecurityConsumer ElectronicsInformation TechnologySoftware

Description

PSPDFKit, the leading document processing and manipulation platform for developers and enterprise businesses, today announced the acquisition of U.K.-based Muhimbi, a leading software solution provider for cloud and on-premises document management systems. This marks PSPDFKit's first acquisition, following a €100 million strategic investment from New York-based global venture capital and private equity firm Insight Partners in September 2021 to fuel PSPDFKit's next stage of growth. The acquisition advances PSPDFKit's expansion into the low-code/no-code space, helping democratize robotic process automation, and enabling anyone to build document workflows that automate manual business processes.

Company Information

Company

PSPDFKit

Location

Vienna, Vienna, Austria

About

PSPDFKit is the leading framework for displaying and annotating PDFs in your iOS and Android apps and even on the Web. It supports blazingly fast PDF viewing, adding annotations, and filling out forms. Our battle-tested code is trusted by Box, Dropbox, Evernote, and hundreds of other companies. Benefit from a solid, tested codebase and incorporate all those advanced features into your own application. It'll save you at least one year in comparison with in-house development. We’re on a mission to help developers deliver excellent software, and we’re big believers in remote work.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed