SOURCE: Foxit Corporation

Foxit Corporation

March 16, 2016 08:00 ET

Foxit Software Acquires Debenu, a Leader in Software Developer Tools for the Global PDF Marketplace

Acquisition Accelerates Foxit's Position as Leader in Future of PDF

FREMONT, CA--(Marketwired - Mar 16, 2016) - Foxit Software, a leading software provider of fast, affordable, and secure PDF solutions, today announced the acquisition of Debenu, a leading provider of software developer and end-user solutions for the global PDF market. Debenu's CEO, Karl De Abrew, a long-time entrepreneur and visionary in PDF technology, was also a Founder of Nitro.

The Debenu team has extensive knowledge in architecting, developing, marketing, and selling PDF-related products, particularly PDF software development solutions. Debenu brings strong technical expertise in business verticals, including pharmaceuticals, healthcare, banking, and government. The team will play a lead role in managing Foxit's fast-growing SDK business unit at a time when Foxit is preparing to deliver revolutionary new technology to the global PDF market to bring exciting new functionality to developers and users.

"We are excited to welcome Karl De Abrew and the entire Debenu team to Foxit," said Eugene Xiong, Foxit Founder and Chairman of the Board. "PDF is a vital and ubiquitous standard for digital documents. Yet, there is much to be done to advance the technology for today's and tomorrow's increasingly connected and data-driven world. The addition of Debenu, its technology, and talent to our team further positions Foxit to lead in this transformation."

Debenu is another in a series of strategic PDF-industry acquisitions Foxit has made over the past two years. In October of last year, Foxit announced the acquisition of Germany-based LuraTech Imaging, a leading provider of scalable PDF software solutions for server-side document conversion. In 2014, Foxit acquired Dataintro Software, headquartered in Spain, and maker of Ultraforms®, a patented 2D barcode generation technology for PDF forms to enable fast and accurate data capture from paper documents.

"The PDF marketplace is increasingly heading toward sophisticated solutions for not only converting paper to searchable PDF files and basic PDF manipulation and viewing, but also making sense of content in PDF files and integrating those files and the knowledge of that content into workflows and information management systems," said De Abrew. "We look forward to being part of Foxit and bringing exciting new capabilities and tools to developers and end users around the world that will make PDF even more relevant and valued."

About Foxit Software

Foxit is a leading software provider of fast, affordable, and secure PDF solutions. Businesses and consumers increase productivity by using Foxit's cost effective products to securely work with PDF documents and forms. Foxit is the #1 pre-installed PDF software, shipped on one-third of all new Windows PCs, including those from HP®, Acer, and ASUS®.

Foxit's Software Development Kits (SDKs) help developers reduce costs and improve time to market by easily integrating industry-leading PDF technology into application workflows. This technology shares the same underlying technology that powers Google's open-source PDFium project.

Winner of numerous awards, Foxit has over 325 million users and has sold to over 100,000 customers located in more than 200 countries. Since Foxit products are ISO 32000-1/PDF 1.7 standard compliant, they are compatible with your existing PDF documents and forms.

About Debenu

Debenu was founded in 2007 by leading innovators of the PDF industry, Karl De Abrew, Rowan Hanna and Susana De Abrew. Their vision was to develop PDF software to help the world work faster, smarter and more easily. They realized that vision by building technology to help everyone interacting with PDF to work more productively, from developers to end users. Headquartered in Melbourne, Australia, Debenu has offices in Ireland, Slovakia, Canada, and South Africa.

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