PDF document management software developer Nitro has acquired document analytics company doxIQ. Terms of the deal were not disclosed.
DoxIQ was started last year in Palo Alto, California. A graduate of Stanford’s StartX accelerator, the company’s technology has become a popular tool for converting marketing documents into intelligent Web assets that increase conversion rates, collect behavioural data and send view alerts. The company won the early stage startup competition at GrowthBeat 2014, VentureBeat’s marketing tech conference.
As it integrates doxIQ’s technology, Nitro will transition doxIQ customers to its document sharing and e-signature product, Nitro Cloud.
Nitro established its EMEA headquarters in Dublin in October 2013 with plans to hire 50 staff in its first two years of operation. Since then growth expectations have doubled with plans to hire over 100 staff by the end of 2016. The expansion in Europe has coincided with over 50% growth in EMEA customers since opening the Dublin office at Web Summit 2013.
Today, Nitro’s 200 employees help more than 500,000 businesses in 200 countries – including over half of the Fortune 500 – to improve document productivity and generates tens of millions in annual revenue.
Nitro closed a $15 million financing round last November with leading US venture capital firm Battery Ventures, bringing total venture funding to $21.6 million.
TechCentral Reporters
Subscribers 0
Fans 0
Followers 0
Followers