Online PDF editor and converter Smallpdf buys PDF Tools for $30 million
Smallpdf, the online PDF editing and management toolbox, has announced that it is acquiring document processing technology provider PDF Tools for $30 million.
Both companies are based in Switzerland and have a history of working together -- PDF Tools products have been used by Smallpdf for a number of years -- so the acquisition is not a complete surprise. It sees Smallpdf spreading further into the document management market, boosting its professional offerings thanks in part to the PDF and PDF/A arciving support provided by PDF Tools.