Press release

PDFTron Receives $71 Million Growth Investment Led By Silversmith Capital Partners

Sponsored by Businesswire

PDFTron Systems, a leading provider of document processing tools for
software developers, announced today that it has secured a $71 million
investment led by Silversmith Capital Partners, a Boston-based growth
equity firm. PDFTron’s market-leading software development kit (SDK) is
used by hundreds of enterprise customers around the world to enable
digital transformation initiatives by providing a comprehensive document
processing, conversion, and collaboration platform. This investment
comes as the company has experienced substantial growth, more than
doubling its workforce since the start of 2018.

PDFTron’s flagship product PDFTron SDK provides organizations
with a secure, cost-effective, and reliable way to embed advanced PDF
and document functionality within their software applications, with
seamless integration across all major web, desktop, and mobile
platforms. PDFTron’s products help companies increase productivity,
while also significantly accelerating their application development
lifecycle and reducing time to market. PDFTron is also the creator of
XODO, a highly rated and fast-growing document productivity application
for consumers and enterprises, powered entirely by PDFTron’s technology

The investment will be used to support PDFTron’s significant R&D and
product development resources, and to pursue acquisitions in both North
America and Europe.

“We are thrilled to partner with Silversmith for the next phase of
PDFTron’s growth,” said Catherine Andersz, Co-Founder & CEO of PDFTron.
“Silversmith’s expertise helping enterprise software companies to expand
globally made them a perfect choice for us. This investment will allow
PDFTron to continue delivering market-leading solutions, while doubling
down on our commitment to long-term customer success and satisfaction.”

“At the core of PDFTron is world-class IP and a relentless focus on
delivering the best developer experience,” said Jim Quagliaroli,
Managing Partner of Silversmith. “We admire the team’s deep passion for
building leading software tools and are excited to support their vision
to expand globally in the years to come.”

“In an increasingly digital world, PDFTron’s products are serving
mission-critical use cases for blue-chip customers across nearly every
industry,” commented Sri Rao, General Partner of Silversmith. “We are
excited to partner with PDFTron as its first institutional investor, and
we look forward to supporting the company’s growth organically and
through strategic acquisitions.”

Quagliaroli and Rao have joined PDFTron’s Board of Directors along with
Catherine Andersz and Co-Founder & CTO Ivan Nincic.

Choate Hall & Stewart and the Canadian office of Gowling WLG served as
legal counsel to Silversmith Capital Partners, while Fasken Martineau
DuMoulin and Perkins Coie served as legal counsel to PDFTron. Debt
financing was provided by THL Credit. Deloitte Canada acted as the
exclusive financial advisor to PDFTron. Financial terms of the
investment were not disclosed.

About PDFTron

Headquartered in Vancouver, BC, PDFTron is a premier global provider of
high-performance document processing technology serving hundreds of
customers across a broad spectrum of industries. PDFTron’s
industry-leading SDK drives digital transformation and powers next
generation software applications with dynamic document viewing,
annotation, processing, and conversion capabilities, as well as advanced
features such as document understanding, data extraction, and redaction.
PDFTron SDK supports all major platforms and dozens of unique file
types, including PDF, MS Office, and CAD formats. For more information,
For more information on XODO, visit

About Silversmith Capital Partners

Founded in 2015, Silversmith Capital Partners is a Boston-based growth
equity firm with $1.1 billion of capital under management. Silversmith’s
mission is to partner with and support the best entrepreneurs in
growing, profitable technology and healthcare companies. The firm seeks
to invest $15 million to $75 million per company. Representative
investments include ActiveCampaign, Centauri Health Solutions, Digital
Map Products, Impact, LifeStance Health, MediQuant, Nordic Consulting
Partners, and Validity. The partners have over six decades of collective
investing experience and have served on the boards of numerous
successful growth companies including ABILITY Network,,
Liazon, Liberty Dialysis, MedHOK, Net Health, Passport Health,
SurveyMonkey, and Yapstone. For more information, visit