Acquiring Company
PSPDFKit
Acquired Company
Muhimbi
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.