Anoto acquires XMS Penvision

Lund –23th 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.