PSPDFKit Continues to Accelerate with Record Results in 2022

VIENNA, and RALEIGH, N.C., February 15, 2023 — PSPDFKit, the leading document processing and manipulation foundation for tomorrow’s developers, today reported record results for 2022, continuing a trend of accelerating growth and momentum. Bookings for the year were a record high, driven by the strategic acquisitions of ORPALIS, Aquaforest, and Muhimbi, the addition of a record number of new customers, and numerous expansions with existing customers. In total, the company achieved bookings growth of greater than 130% for the year.

“By any measure, 2022 was a transformative year for PSPDFKit,” said Jonathan Rhyne, Co-Founder and CEO of PSPDFKit. “We exited 2021 having just completed a €100 million strategic investment from Insight Partners to fuel growth. Based on our team’s exceptional execution throughout the year, we have seen tremendous growth in demand from developers and enterprises, nearly doubling our annual recurring revenue (ARR) year-over-year. This gives us fantastic momentum heading into 2023.”

“There’s never been a more important time for our customers to gain faster time to value and optimize costs,” added Rhyne. “In this challenging environment, our customers are tapping the power of our digital document foundation to do more with less, creating new opportunities to balance innovation with cost optimization while managing risk. Our accelerating growth demonstrates the strong traction we have, which we expect to improve as we continue to help our customers with the art of the possible, bringing new capabilities to their roadmaps in 2023.”

PSPDFKit Expands Global Talent Pool

The Company’s global footprint expanded from 50 to 140 employees in 2022. With significant additions across all teams to support growth, as well as the rare specialized knowledge gained through the acquisitions of ORPALIS, Aquaforest, and Muhimbi, the Company is well-positioned for continued growth in 2023.

The Company also expanded the expertise of its leadership team with two new additions:

• Chris Wilson, Chief Revenue Officer
• Miloš Đekić, VP of Product

“Over the past 12 months, we’ve made considerable investments to support our ability to scale and serve our customers across the globe, particularly focused on Customer Success, Security, Developer-to-Developer Support, and Go-to-Market,” said Rhyne. “Looking at the year ahead, we’re committed to deepening client relationships, partnering with new customers on their journeys, and further accelerating innovation in the digital document space.”