Anoto Group AB has today acquired XMS Penvision AB.

Lund –23 July 2015 – Anoto Group AB (publ) has today acquired XMS Penvision AB. Established in 1996, XMS Penvision is an innovative Swedish software company specializing in digital writing solutions. Its core product Formidable is marketed through a global network of partners who add value to the platform through a consultative approach with customers seeking a business solution. Formidable is the foundation for Anoto Live Forms, an Anoto Enterprise Solutions application for signatures, document and mobile data capture.
The company has 10 employees and 2014 revenues were 13 MSEK. The acquisition is paid for through the issuance of 20 million shares in Anoto.

“The acquisition of XMS Penvision gives us better control of the value chain, flexibility in pricing and a product suitable for sale through larger resellers. They have a highly competent team that complements our own in-house software development”, says Stein Revelsby, CEO of Anoto Group.

Press release as pdf

For more information, please contact:

Stein Revelsby
CEO Anoto Group
+46 733 45 12 05

Anoto Group AB (publ.)
Traktorvägen 11
SE-226 60 Lund
Tel.: +46 46 540 12 00

About Anoto Group
Anoto Group is the company behind and world leading in the unique technology for digital pen and paper, which enables fast and reliable transmission of handwritten text into a digital format. Anoto operates through a global partner network that focuses on user-friendly solutions for efficient capture,
transmission and storage of data within different business segments, e.g. healthcare, bank and finance, transport and logistics and education. The Anoto Group has over 100 employees and is headquartered in Lund (Sweden), with offices in Basingstoke and Wetherby (UK), Boston and Los Angeles (US) and Tokyo
(Japan). The Anoto share is traded on the Small Cap list of NASDAQ OMX Stockholm under the ticker ANOT.