Nitro Acquires doxIQ

nitroSan Francisco-based document productivity company Nitro acquired doxIQ, a Palo Alto, CA-based tool for converting marketing documents into intelligent web assets and a graduate of Stanford’s StartX accelerator.

The amount of the deal was not disclosed.

The acquisition will enhance Nitro’s document analytics technology as the company transitions from replacement for Adobe Acrobat to a cloud-based provider of Smart Document services.

Integrating doxIQ’s technology, Nitro will transition doxIQ customers to its document sharing and e-signature product, Nitro Cloud. doxIQ’s co-founder and CEO Michael Feng will lead Nitro’s product management team while Max Cantor, co-founder and Chief Technology Officer, will lead Nitro’s research and development team.

Founded in 2005 in Melbourne, Australia, by CEO Sam Chandler, Nitro provides a document productivity platform that allows business teams to convert, share, sign and analyze documents anywhere on any device. The solution is used by more than 500,000 businesses, with offices around the world.
The company, which has 200 employees, hs raised $21.6m in total vc funding.

FinSMEs

23/10/2015

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