Data technology company Ipapyrus (CEO Kim Jeong-hee) announced on the twentieth that it had acquired ByteScout, Inc., a worldwide PDF and document technology company.

Ipapyrus is an electronic document and data technology company situated in Pangyo Techno Valley. Based on abundant know-how and technology, it develops and provides a wise document environment and artificial intelligence (AI) predictive maintenance solutions that anyone can easily use.

Bytes Scout was founded in 2006 by programmer Eugene Mironichev and is situated in Wilmington, Delaware. PDF SDK for Microsoft’s .NET platform is its flagship product, and in 2016, a cloud-based platform called ‘PDF.co’ began to offer PDF API services as well.

This acquisition is predicted to significantly increase Ipapyrus’ sales. With the beginning of the 2020 Corona Pandemic, Byte Scout has grown explosively as demand for non-face-to-face business and distant work environments has soared. It has about 2,000 customers worldwide, 36% of that are situated in the USA, and it is predicted to generate about $1 million in additional overseas sales only through online services.

Technological cooperation between group firms can also be expected to be further strengthened. Ipapyrus has already upgraded its flagship PDF viewer ‘StreamDocs’ and PDF conversion solution ‘PDF Gateway’ through collaboration with Artifex of the US and Kuminas of Japan, which were acquired in 2022. there may be.

“Our goal is to offer a web-based API that permits developers to freely implement various functions corresponding to document creation, storage, sharing, and knowledge extraction,” said Kim Jeong-hee, CEO of Epapyrus. It should be of great help.” He also expressed his expectation, “Inside 3 years, Ipapyrus will turn into a ‘web-based document infrastructure’ company that gives API services that developers who construct electronic document work environments are searching for first.”

Reporter Jang Se-min semim99@aitimes.com