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NTO - Nitro Software

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Nitro is a global document productivity software company that aims to drive digital transformation in organisations around the world across multiple industries. The Company's core solution, the Nitro Productivity Suite, provides integrated PDF productivity and eSignature tools to customers through a horizontal, SaaS and desktop-based software suite. The solution allows knowledge workers to productively manage and process documents for many functions including editing, collaboration, storage and electronic signing.

Nitro was founded in 2005 in Melbourne, Australia, offering Nitro Pro as an alternative to Adobe Acrobat for desktop PDF productivity. Nitro Pro was initially sold online, but sales channels have since expanded to include Nitro's growing sales team, as well as a global partner network of software resellers.

In 2016, Nitro began transitioning from a perpetual or “one-time” licensing model to a subscription licensing model, as well as commencing a focus on the enterprise market.

In 2018, Nitro introduced the Nitro Productivity Suite, a document productivity solution enabling customers to receive PDF productivity tools, eSignature capabilities and usage and ROI analytics through an integrated desktop and cloud solution.

It is anticipated that NTO will list on the ASX during December 2019.

https://www.gonitro.com
 
NTO has popped up on my daily scan today and was also on my weekly scan in August

Obviously the company doesn't have much data to review as it was only listed 11/12/2019 and open that day @ 1.65

Today NTO closed @ 2.58 so not a bad return for current share holders. It has had a run at $2.60 the last couple of days and if it can close above it then NTO might go for a little run


From Market Index

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Snip from HY 20 Results

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Ally Selby (Livewire Markets): Next up we have Nitro Software, a business born in Melbourne in 2005. Flash forward 16 years, and it has 2.8 million users in over 155 countries. Mike, I will stay with you. Is it a buy, hold or sell?

Mike Murray (Australian Ethical): I'm going to go with a buy on this one, Ally. We actually hold this in our active portfolios. We are excited about the opportunity for this company. It meets a couple of things that we look for: it has a global market for its product, and it has a very big market, it has a recurring subscription based revenue model, and the pricing of its product is quite attractive. So it is coming in under the pricing of Adobe, which really owns that market, so it is a buy for us.

Ally Selby (Livewire Markets): Nathan, over to you. It has not been able to turn a profit yet. Is it a buy, hold or sell?

Nathan Hughes (Perpetual): I'm going to disagree with Mike and say it is a sell, but that is really driven by valuation. I think it is a really interesting product, and as Mike said, it has a really massive market opportunity in front of it. They are delivering strong revenue growth and a lot of that is recurring, but we are not seeing any of that translate into profitability and continued losses are forecast, so from our standpoint, it is a sell.
 
I use Nitro sometimes, very handy for filling out PDF documents that are not editable, super handy for signing PDF's digitally, i use the free version as do the vast majority of Nitro's users.
 
So_Cynical said:
I use Nitro sometimes, very handy for filling out PDF documents that are not editable, super handy for signing PDF's digitally, i use the free version as do the vast majority of Nitro's users.
Click to expand...
That is why I couldn't get excited about them, how they are going to get traction, especially when the lockdowns and work from home finishes, I have trouble with.
But I have been wrong many, many times.
 
Sharing this link as I have started looking into this stock. Have used as a free trial but never ventured to buy it.
Would like to see if I walk the talk - no buy NTO products or stocks or become a politician do exactly opposite what I say . It all depends on how the market says (voting for a poli and market performance as a speculator).
:cool:
 
Private equity firm Potentia Capital has acquired a 17% stake overnight, and is making a $1.58 a share bid for battling Nitro Software, valuing it at nearly $400 million.
 
I wonder if they will take the offer, as we guessed once the pandemic was over and people returned to the office, a lot of their market would disappear.

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Nitro has entered a process deed with KKR-backed Alludo, a North American software company, which is getting exclusive due diligence with a bid at $2.00 a share.

This comes after the latest Potentia bid, that was at $1.80 per share, was rejected by Nitro.

Potentia holds a 19.9 per cent blocking stake, so Alludo is proposing a scheme of arrangement or off-market takeover bid with a 50.1 per cent minimum acceptance condition.

and with NTO shares trading between $2.02 and $2.07 today, will we see another bid?

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On April 14th, 2023, Nitro Software Limited (NTO) was removed from the ASX's Official List in accordance with Listing Rule 17.14, following compulsory acquisition of its remaining securities by Technology Growth Capital LLC.
 
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