TechnologyAccounting SoftwareAdobe takes on Accelio

Adobe takes on Accelio

Adobe Systems has acquired publicly-held Canadian web-based solutions provider Accelio for in the region of $12 to $15m (£8.5m to £10.6m).

The aim of the acquisition is to enhance Adobe’s ability to quickly broaden its ePaper solution business by combining Accelio’s electronic forms solutions to its portable document format (PDF) technologies.

Under the terms of the agreement, Adobe common stock valued at $72m on closing will be exchanged for all Accelio equity securities, translating to $4.5 per Accelio share.

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