![]() Meanwhile, Nitro has rejected an off-market takeover bid from Potentia Capital Management, which owns 19.8 per cent of Nitro. In addition to owning CorelDRAW and WinZip, Alludo also owns Parallels, MindManager, Roxio, PaintShop Pro and WordPerfect, among other brands. Nitro’s distributors in Australia include Aquion and Synnex Australia, and it lists Insights and Software One as local resellers. Its partner program caters to resellers, distributors and, system integrators. In July 2021, Nitro acquired PDFpen software from US-based Smile Inc. Its enterprise customers include Toyota Financial Services, T-Mobile, JLL and Pacific National. Nitro was started in Melbourne in 2005 and boasts than three million licensed users and 13,000 business customers including more than half of the Fortune 500. ![]() The proposal is subject to a number of conditions, including due diligence on Nitro and its business and the unanimous recommendation of Nitro’s Board of Directors. Nitro has entered into a Process Deed to explore whether a definitive transaction can be agreed on. The proposal won’t necessarily result in a binding transaction being put forward to shareholders. Alludo is also willing to go ahead with an off-market takeover bid with a 50.1 percent minimum acceptance condition, offering $2.00 cash per share. Australian-born PDF and e-signature software company Nitro Software has received an acquisition proposal from Alludo, which owns the CorelDRAW and WinZip brands, and has rejected a bid from Potentia Capital Management.Īlludo has proposed to buy Nitro by way of Scheme of Arrangement at $2.00 cash per share.
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