Apryse Strengthens Position with Strategic Acquisitions
Apryse Expands Digital Document Processing Capabilities
Apryse, a prominent player in digital document processing technology, has made significant strides by completing two strategic acquisitions that enhance its capabilities in the market. The acquisitions of Scanbot SDK and Accusoft not only broaden its platform but also position the company for sustained long-term growth in the document processing industry.
Acquisition of Scanbot SDK
In its quest for innovation, Apryse has acquired Scanbot SDK, recognized as a leader in high-performance data capture solutions. This mobile-first technology enhances Apryse’s offerings, allowing seamless data capture through barcode scanning, document scanning, and optical character recognition (OCR). The technology is expected to benefit sectors like logistics, healthcare, transportation, and public services, boasting strong user adoption across these industries.
Acquisition of Accusoft
Along with Scanbot SDK, Apryse has also integrated Accusoft into its portfolio. Accusoft is known for its strengths in imaging and document solutions, particularly in high-performance image manipulation, barcode recognition, and form field extraction. It holds a strong foothold in document-reliant sectors such as healthcare, government, insurance, and finance, further amplifying Apryse’s reach and capabilities.
Enhancing the Full Document Lifecycle
The strategic acquisitions play a pivotal role in expanding Apryse's toolkit for developers looking to integrate imaging and document capture into their applications. With these additions, Apryse aims to offer a comprehensive suite of tools that supports the entire document lifecycle—from initial capture and data extraction through to collaboration and archival processes.
Leaders Share Insights
Leaders from both acquired companies expressed excitement about joining forces with Apryse. Christoph Wagner, CEO of Scanbot SDK, shared, "Joining Apryse allows us to leverage a world-class platform that can scale our mission to streamline manual processes into seamless mobile workflows. It's a tremendous opportunity for both our team and our clients."
Strategic Growth Ahead
Jack Berlin, the CEO of Accusoft, added, "Becoming a part of Apryse is an exciting step in our journey. Our technology will benefit from the expansive support that Apryse provides, ultimately transforming how documents are handled globally."
Financial Restructuring for Future Success
Alongside these acquisitions, Apryse announced a strategic refinancing of its debt. This maneuver not only reinforces its financial standing but also enhances its ability to pursue additional growth avenues. The refinancing effort has received backing from leading firms like Thoma Bravo and Silversmith Capital Partners, underlining Apryse's robust financial health and attractive long-term prospects.
Management's Commitment
Cassidy Smirnow, CEO of Apryse, expressed enthusiasm about the new additions, stating, "We are excited to welcome both Scanbot SDK and Accusoft into the Apryse family. Their technologies and expertise complement our existing operations perfectly, and their strong customer relationships will propel our growth efforts further."
About Apryse
Previously known as PDFTron, Apryse stands at the forefront of document processing technology, empowering individuals and businesses by streamlining their document workflows. They offer tools tailored for developers, enterprise clients, and small businesses alike, enabling users to achieve their document objectives with greater speed and efficiency. Apryse’s solutions are compatible with a variety of platforms and file types, demonstrating their versatility and commitment to innovation.
Contact Information
For inquiries regarding Apryse, please contact Kristen Warner, VP of Communications at Apryse.
Frequently Asked Questions
What is the purpose of Apryse's recent acquisitions?
Apryse's acquisitions aim to expand its capabilities in digital document processing and provide comprehensive solutions for developers.
Who has Apryse acquired recently?
Apryse has recently acquired Scanbot SDK and Accusoft, enhancing its platform and offerings in document processing.
What sectors benefit from Scanbot SDK?
Scanbot SDK's technology benefits multiple sectors including logistics, healthcare, and transportation through its data capture solutions.
How does Accusoft enhance Apryse's capabilities?
Accusoft adds expertise in image manipulation and document solutions, strengthening Apryse's offerings in critical industries.
What strategic steps are being taken for Apryse's growth?
Apryse has completed a strategic refinancing of its debt, positioning itself for future growth and expanding its capabilities further.
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