wonderfully unique software solutions

Nitro looks to benefit from document productivity trends post-IPO

US-based Nitro has listed on the Australian securities exchange following a successful AU$110m IPO.

Trading of NTO shares on the Sydney-based ASX commenced 11 December 2019 at AU$1.72 each.

Kurt Johnson, Nitro chair, said the completion of the IPO would support its longer-term growth strategy, leveraging its PDF productivity and e-signature solutions.

“As we continue to expand our cloud-based platform, we’ll benefit from global trends driving the adoption of document productivity offerings like those core to our business,” Johnson said.

At the IPO listing price, Nitro had a market capitalisation of AU$324.9 million and an enterprise value of AU$263.1 million, with an enterprise value/revenue multiple of 4.5x.

Sam Chandler, CEO of Nitro, said he had co-founded the Nitro business in Melbourne 15 years previously, on a foundation of making document productivity easy and affordable for everyone.

Despite being headquartered in California, the firm retains close links with Australia, keeping an office in that country as well as offices in Europe, including in Ireland, and the USA.

Recent Articles

Responsibility shifts towards vendors with US National Cybersecurity Strategy

The US government has called for aggressive regulation as part of its National Cybersecurity Strategy for 2023, ITops company Automox has warned.

Four critical challenges for cybersecurity provision in 2023

Skill sets, AI, co-operation, and climate have become the critical challenges for cybersecurity provision this year, according to Europe-based IT/OT security software...

Snow adds certifications to partner programme to drive Atlas sales

Technology intelligence software platform Snow Atlas has achieved ISO 27001 certification and completed the Service Organisation Control (SOC) 2 Type 1 examination...

Arista says edge threat defences could have safeguarded Tallahassee health

Tallahassee Memorial Health might not have been disrupted in February, requiring systems downtime and patient inconvenience, had it deployed strong edge threat...

OpenText Cloud Editions aim for accelerated AI and digital transformations

Information software company OpenText has whipped the covers off its Cloud Editions (CE) 23.1, which it says will support AI adoption and...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Weirdware monthly - Get the latest news in your inbox