FoxIt Acquires LuraTech
Foxit® Corporation, a leading software provider of fast, affordable, and secure PDF solutions, today announced it has acquired LuraTech Imaging GmbH with all its subsidiaries. LuraTech, a privately owned software company headquartered in Berlin, Germany, provides highly scalable PDF and PDF/A software solutions for server side document conversion in businesses and institutions.
LuraTech serves the Financial, Public, Energy, Legal, and Health Sectors, providing them with highly reliable software solutions needed for automated PDF processing and long-term archiving, as well as document production and workflow platforms. LuraTech solutions focus on unattended creation of or conversion into PDF or PDF/A files from various source formats, including scanned documents but also e-mails, PDF and various office formats, applying its leading compression technology. Document management is an integral necessity across industries, and LuraTech has developed world class tools with sophisticated interfaces to integrate with document management systems.
“Foxit’s solutions enable people to create, collaborate, share, and use documents on any device,” said Phil Lee, Vice President of Sales at Foxit Software. “By adding LuraTech’s PDF expertise to Foxit’s software platform, we will be addressing the needs of the PDF ecosystem to provide better customer experiences for PDF compression and PDF/A compliance.”
LuraTech also offers a comprehensive PDF Scanner App for iOS and android, a powerful mobile application that serves to capture data from various physical documents using a smartphone or tablet’s mounted camera. What sets LuraTech apart from competitors is their proprietary LuraTech Mobile PDF Solution that combines sophisticated technology with high end and robust tools that clean up document captures and post processes with QA algorithms and filters to provide crisp data collection. This process is also available as part of LuraTech’s Mobile SDKs, for developers looking to add high quality scanning capabilities or PDF compression to their own apps.
“LuraTech has always prided itself on high customer satisfaction for both our products as well as our customer support.” said Carsten Heiermann, Manging Director of LuraTech. “Customers can expect that to be continued, with even more great solutions added to LuraTech’s product lineup in the future. LuraTech will grow faster from now on, leveraging the opportunities that partnering up with Foxit provides on a global scale.”
Xamcor, a boutique M&A firm serving SMB clients in Information Management, served as sole advisor for LuraTech.