Kendox Expands Austrian Presence with Acquisition of Coorum
Deal News | Apr 29, 2025 | Pride Capital Partners BV
Kendox, a Swiss document management solutions provider, has expanded its operations in Austria through the strategic acquisition of coorum informationstechnologie gmbh, a Vienna-based company specializing in the digitalization of document-based business processes. This acquisition, supported by Pride Capital Partners, aims to strengthen Kendox's presence in Austria's growing document management and process automation market. Coorum, known for innovative software products like iFine and iOCR, complements Kendox's portfolio, allowing for more comprehensive digitalization solutions. Kendox, which serves over 1,500 customers, focuses on secure, GDPR-compliant document management and automation, offering modern solutions in both traditional and cloud environments.
Sectors
- Document Management
- Private Equity
Geography
- Austria – The acquisition of coorum, based in Vienna, relates directly to the expansion of operations in Austria.
- Switzerland – Kendox, the acquiring company, is a Swiss-based document management solution provider.
Industry
- Document Management – The article discusses Kendox and coorum's involvement in document management and the digitalization of document-based business processes.
- Private Equity – Pride Capital Partners, a private equity firm, supports Kendox's acquisition strategy, highlighting its role in strategic growth.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kendox | Acquirer | Company | A Swiss provider of secure document management and process automation solutions. |
| coorum informationstechnologie gmbh | Target Company | Company | A Vienna-based provider of solutions for the digitalization of document-based business processes. |
| Pride Capital Partners BV | Private Equity Support | Company | A private equity firm supporting Kendox's acquisition of coorum. |