Tech acquisition news: Apryse purchases Scanbot SDK; re:cap receives $125 million investment; Piur Imaging secures $5.6 million funding.
In the dynamic world of technology, several significant developments have taken place recently. Apryse, a company previously known as PDFTron, has announced the acquisition of Scanbot SDK, a barcode scanning startup based in Bonn, Germany. The financial details of the acquisition, particularly the purchase price, have not been disclosed publicly, as of July 2022.
Scanbot SDK, founded in 2011 by Frank Thelen, Marc Sieberger, and Alex Koch, initially operated as a document management company under the name doo. After pivoting to a comprehensive scan app in 2014 and selling its B2C business in 2020, Scanbot SDK has since focused on the B2B segment and now boasts 300 corporate customers, including Deutsche Telekom, Axa, and PwC.
Meanwhile, re:cap, a Berlin-based FinTech, has secured a substantial investment to fuel its growth. re:cap, founded in 2021 by Paul Becker and Jonas Tebbe, has received a 13.5 million euro investment from Entrée Capital, Felix Capital, and Project A. Positioning itself as a "financing and data analysis company", re:cap is expanding into the UK and aims to take advantage of the advanced technology ecosystem there for further international expansion.
In another development, re:cap has also secured a 125 million euro credit line from HSBC Innovation Banking and Avellinia Capital. This funding will support re:cap's mission to provide innovative financial solutions to businesses.
Separately, Piur Imaging, an AI-driven tomographic 3D ultrasound solutions company based in Vienna, has received an investment of 5.6 million euros from Aescuvest Capital Partners and others. Founded in 2015, Piur Imaging focuses on extending regular ultrasound systems with a tomography function, enabling volumetric imaging of organs and structures. Previously, Piur Imaging received an investment of 4.9 million euros from Ascend Capital Partners and Aescuvest. However, the details of Piur Imaging's revenue or expansion plans are not disclosed in the article.
It's worth noting that Apryse, which is financially backed by private equity firm Thoma Bravo since 2021, has acquired several companies in recent years, including PDFLib, eversign, and TallComponents.
The tech sector continues to evolve, with companies like Scanbot SDK, re:cap, and Piur Imaging making strides in their respective fields. As these companies grow and innovate, they contribute to the broader tech landscape, driving progress and fostering a culture of continuous improvement.
[1] https://techcrunch.com/2022/07/27/apryse-acquires-scanbot-sdk-to-bolster-its-document-management-offerings/ [2] https://www.businesswire.com/news/home/20220727005151/en/Apryse-Acquires-Scanbot-SDK-to-Expand-its-Document-Management-Offerings [5] https://www.finextra.com/pressarticle/89068/apryse-acquires-scanbot-sdk-to-expand-its-document-management-offerings
Scanbot SDK, initially a document management company, has now been acquired by Apryse, a company with significant investments in technology and finance-focused sectors. Meanwhile, re:cap, a FinTech company founded in 2021, is expanding into the UK with substantial investments in financing and data analysis, aiming to leverage advanced technology ecosystems for further international growth.
