PSPDFKit Announces Record Results and Accelerating Growth in Q2 2022

VIENNA, and RALEIGH, N.C., July 11, 2022 – PSPDFKit, the leading document processing and manipulation foundation for tomorrow’s developers, today reported record bookings for Q2 2022. New bookings growth in the second quarter of 2022 represents more than 25 percent growth over the first quarter of 2022 and the second consecutive quarter of accelerating growth since a strategic investment from Insight Partners in November 2021.

“We had another phenomenal quarter and I couldn’t be more proud of our incredible team,” said Jonathan Rhyne, Co-Founder and CEO of PSPDFKit. “We added an unprecedented number of new enterprise and mid-market customers, and our existing base continues to expand with us. Our more-than-25-percent quarter-over-quarter bookings growth validates our strategic focus and our team’s ability to execute. We look forward to building on this momentum in Q3 and beyond.”

“With today’s evolving market dynamics, fierce competition, and unparalleled change, our customers are seeing these conditions as an opportunity to grow market share,” added Rhyne. “Partnering with us helps them unlock these opportunities. There is no better digital document foundation out there that is focused solely on enabling developers seeking to innovate beyond paper and fuel transformation.”

Accelerating New Logo and Customer Momentum

PSPDFKit’s momentum in Q2 is driven by key customer wins and expansions. The company added 40 percent more new customers compared to the same period last year, accelerating on the 30 percent year-over-year (YoY) new customer growth achieved in the first quarter of 2022.

PSPDFKit’s growth will be 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 new file formats.

SOC 2 Type I Security Audit

In Q2, the company announced a significant milestone in successfully completing the Service Organization Control (SOC) 2 Type 1 audit. The audit measures the security, availability, confidentiality, processing integrity, and privacy of an organization’s data processing systems and determines whether adequate safeguards and controls are in place.

“With this independent audit of all our internal systems, our customers can rest assured that PSPDFKit continues to be a reliable enterprise partner for all their document processing and digital transformation needs,” said Rhyne.

We welcome all customers and prospects who are interested in discussing our commitment to security to contact us.