| Fujian Foxit Software Development Joint Stock Co., Ltd. | |
| Native Name: | 福建福昕软件开发股份有限公司 |
| Logo Alt: | Foxit Software logo |
| Type: | Public |
| Founded: | 2001 |
| Founder: | Eugene Y. Xiong |
| Hq Location: | Fuzhou, China |
| Area Served: | Worldwide |
| Key People: | Eugene Y. Xiong (Chairman and Founder), George Z Gao (CEO), Jeremy Wei (CTO) |
| Owner: | Eugene Y. Xiong (38.48%) |
| Industry: | Software |
| Products: | PDF software (Foxit Reader) and development kits |
| Num Employees: | Over 650 worldwide |
Fujian Foxit Software Development Joint Stock Co., Ltd., also known as Foxit Software,[1] is a software developer based in Fuzhou, China, with subsidiaries in the United States, Europe, Japan, and Australia,[2] [3] [4] that develops Portable Document Format (PDF) software and tools used to create, edit, eSign, and secure files and digital documents.[5] It also has other offices in Fuzhou, Beijing, Berlin, South Yarra (Melbourne),[6] [7] Japan, Taiwan, Korea, France,[8] North Macedonia, and Slovakia.
As of 2016, there were about 425 million Foxit users of Foxit's software, with sales to more than 100,000 customers in 200 countries.[9] [10]
Foxit Software was named "#2 Best PDF Editor Software of 2022" by ComHQ.[11]
Foxit Software was founded in 2001 by Eugene Y. Xiong (Chinese:), a Chinese national with permanent residence in the United States, to develop similar PDF software products to those from Adobe Systems and other PDF vendors, and offer them at lower prices.[12] In 2009, Foxit Software Company incorporated as Foxit Corporation.
In December 2015, Foxit went public on the Chinese over-the-counter market NEEQ.[13] Before 2019, Amazon was an early investor and substantial shareholder of Foxit, once owning 12.38％ of the latter's shares, before divesting in 2019 to make Foxit eligible for a simplified IPO process for domestic companies in China.[14]
In June 2020, Foxit Software received permission to list in the Shanghai Stock Exchange STAR Market (the Sci-Tech Innovation Board).[15] According to Foxit's pre-IPO disclosures, it seeks to raise RMB 409 million (approximately USD 49 million).
As a technology company, Foxit is eligible to receive a reduced tax rate of 15% in China. It also received RMB 13 million of Chinese government subsidies in 2019. As of 2019, most of Foxit's software development has been taking place within China, while over 90% of its revenue was earned outside of China, in markets such as the United States, Europe, Japan and Australia. The vast majority of its net profit is sourced from the United States. It listed Adobe Inc. as its biggest competitor.
Foxit has grown organically and through several acquisitions.
| Company | Date of close | |
|---|---|---|
| CVISION Technologies (merged with Foxit Software Inc.) | August 2017 | |
| Sumilux | July 2016[16] | |
| Debenu (renamed Foxit Australia) | March 2016[17] | |
| LuraTech (renamed Foxit Europe) | October 2015[18] | |
| Dataintro | August 2014[19] | |
| eSignGenie | October 2021 [20] |
Foxit has contributed to the evolution of ISO 32000 and ISO 19005 standards.[21]
| Product name | Formerly | Platform | |
|---|---|---|---|
| PDF Editor Pro | Foxit PhantomPDF Business | Windows Only | |
| PDF Editor | Foxit PhantomPDF Standard, Foxit PhantomPDF Online, Foxit PhantomPDF Mac, Foxit PDF Reader Mobile (with optional in-product purchases) | Windows, macOS, Web, iOS, Android, and Chromebooks | |
| PDF Reader | Foxit Reader, Foxit PDF Reader Mobile | Windows, macOS, Web, iOS, Android, and Chromebooks | |
| Foxit eSign | Foxit Sign | see features | |
| Volume Automation | PDF Compressor, Rendition Server, Digital Transformation Services, Maestro Server OCR | Web, Windows, Linux | |
| PDF SDK | N/A | Web, Windows, Mac, Linux, Android, iOS, Universal Windows Platform (UWS) |
The company's first product, Foxit Reader, was released in 2004. It provides a way to view, create and sign PDF files, and add annotations to them.[22] Foxit Reader 3.0 offers comparable functionality to Adobe Reader.[23] Older versions were notable for their speed and small file sizes.[24] Foxit released version 8.0 in 2016.[25] The software is pre-installed on Windows PCs from HP, Acer, and ASUS.[26] Foxit released version 9.0 in 2017. The software is available as a freeware download for PCs running Windows 7 (or later), MacOS and older versions of Linux.[27] [28] [29]
Foxit PhantomPDF, a multi-feature PDF editor, was released in 2008. Foxit PhantomPDF has an interface that holds many advanced PDF editing and security features.[30] Foxit released version 8.0 in 2016. The software has been renamed from Foxit PhantomPDF to Foxit PDF Editor with the release of Foxit PDF Editor 11.0.0.49893 dated May 25, 2021.[31]
ConnectedPDF, released in 2016, extends the traditional portable document format by associating a unique identifier with each PDF, thereby enabling capabilities such as file update notifications, document locating and tracking, shared and synchronized review and mark-up, and remote digital rights management and protection.[32] ConnectedPDF is not a stand-alone product. Functionality is embedded within some of Foxit’s PDF software products. ConnectedPDF is included in the latest releases of Foxit PhantomPDF (version ≥8), Foxit Reader (version ≥8) and Foxit MobilePDF (version ≥5).
Foxit PDF Compressor converts scanned documents to PDF or PDF/A, compresses them and uses integrated OCR technology to make them fully text searchable.
Foxit Rendition Server is an on-premises or cloud web service for centralized document conversion to PDF and PDF/A. It enables the construction of a transformation infrastructure which can be addressed by programs and environments through a web service interface.
The company has developed original equipment manufacturer relationships with a number of businesses. Foxit’s technology is included in Amazon Kindle,[33] Gmail and Google Chrome.[34] The company has also developed the rendering engine for Google's open-source PDFium project.[35]
Foxit also provides a variety of PDF software development kits (SDKs) for developers wanting to create custom PDF applications.[36]
Foxit Software is an active member of the PDF Association. LuraTech, acquired by Foxit in 2015, was a founding member of the PDF Association. Carsten Heiermann, founder and CEO of the LuraTech group, is member of the association’s board.[37] Thomas Zellmann, who joined LuraTech in 2001, is the association’s Managing Director.[38]