PSPDFKit Announces Record Results for Q3 2022

VIENNA, and RALEIGH, N.C., November 3, 2022 – PSPDFKit, the leading document processing and manipulation foundation for tomorrow’s developers, today reported record results and record new customer growth for Q3 2022, continuing a trend of accelerating momentum and growth in 2022.

“Our incredible team delivered another record quarter,” said Jonathan Rhyne, Co-Founder and CEO of PSPDFKit. “We continue to see tremendous demand from developers and enterprises, adding twice as many customers in the third quarter as we did in the same period last year. This gives us fantastic momentum heading into the fourth quarter.”

“In this more measured buying environment, our digital document foundation is even more strategic and relevant as our customers focus on efficiency and time to value while managing risk,” added Rhyne. “One of the key benefits we offer our customers is the ability to do more with less, creating new opportunities for their growth and ours. Our third quarter demonstrates the strong traction we have, which we expect to improve as we continue to build momentum in 2022 and beyond.”

Q3 2022 Customer Momentum

PSPDFKit’s growing momentum in Q3 is driven by key customer wins across the financial services, construction, healthcare, and legal industries. Throughout the quarter, the company added approximately 50 percent more new customers than the second quarter, a 97 percent increase compared to the same period last year, making it the third consecutive quarter of accelerating growth since the strategic investment from Insight Partners in November 2021.

PSPDFKit’s growth is further accelerated by its May 2022 acquisitions of France-based ORPALIS Imaging Technologies and U.K.-based Aquaforest, the leading providers of document imaging components and enterprise software solutions. These strategic acquisitions are enabling PSPDFKit to extend its document technology platform with a more comprehensive OCR solution, AI/ML-based document analysis, deeper PDF expertise, and access to more than 3,000 new capabilities across 100 additional file formats.

PSPDFKit Continues to Expand Global Talent Pool

The first three quarters of 2022 saw record employee growth across all teams. To support rapid customer growth, PSPDFKit posted 20 additional openings that the company plans to fill in the fourth quarter of 2022.

“Growing the team to its current size represents a major milestone in bringing our vision to life,” said Rhyne. “To seize such a unique opportunity to serve developers and the builders who are driving digital transformation across the enterprise, we will continue to invest in our team to ensure we can realize our full potential.”