Foxit Software
{{short description|Software company which develops a PDF reader}}
{{About|the software company|the PDF reader application|Foxit Reader}}
{{infobox company
| name = Fujian Foxit Software Development Joint Stock Co., Ltd.
| native_name = 福建福昕软件开发股份有限公司
| traded_as = {{SSE|688095}}
| logo = Foxit_Software_updated_logo_as_of_q1_2024.svg
| 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
| subsid = {{Unbulleted list|Foxit Software Inc.|Foxit Europe GmbH|Foxit Australia Pty Ltd|Foxit Japan K.K.|DocuSavvy Technologies Limited|eSign Genie Software Private Limited}}
| website = {{URL|https://www.foxit.com}}
}}
Fujian Foxit Software Development Joint Stock Co., Ltd. ({{zh|s=福建福昕软件开发股份有限公司}}), also known as Foxit Software ({{zh|s=福昕软件}}),{{cite web|url=http://english.sse.com.cn/markets/equities/list/overview/?COMPANY_CODE=688095&STOCK_CODE=688095|title=Company Introduction|website=Shanghai Stock Exchange}} is a software developer based in Fuzhou, China, with subsidiaries in the United States, Europe, Japan, and Australia,{{cite web|url=http://static.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-04-28/688095_20220428_14_00v3o1Ir.pdf|title=福建福昕软件开发股份有限公司 2021 年年度报告 (Fujian Foxit Software Development Joint Stock Co., Ltd. 2021 Annual Report)|website=Shanghai Stock Exchange}}{{Cite web|date=2020-07-26|title=福建福昕软件开发股份有限公司注册申请文件|url=http://www.csrc.gov.cn/pub/newsite/fxjgb/kcbzczl/kcbzcsqwj/202007/t20200706_379650.html|access-date=2020-08-27|website=China Securities Regulatory Commission}}{{Cite web|last=Fujian Foxit Software Development Joint Stock Co., Ltd.|date=2020-07-06|title=福建福昕软件开发股份有限公司科创板首次公开发行股票招股说明书(注册稿)(Draft Pre-IPO Disclosure of Fujian Foxit Software Development Joint Stock Co., Ltd. for the SSE STAR)|url=http://www.csrc.gov.cn/pub/newsite/fxjgb/kcbzczl/kcbzcsqwj/202007/P020200706693367957887.pdf|access-date=|website=China Securities Regulatory Commission}} that develops Portable Document Format (PDF) software and tools used to create, edit, eSign, and secure files and digital documents.{{Cite web|url=https://www.insurancebusinessmag.com/us/news/technology/time-for-insurance-to-ditch-paper--theres-a-new-solution-97809.aspx|title=Time for insurance to ditch paper — there's a new solution|last=Moorcraft|first=Bethan|website=Insurance Business|access-date=2018-05-29}} It also has other offices in Fuzhou, Beijing, Berlin, South Yarra (Melbourne),{{Cite web|url=https://www.connectedpdf.com/contact.html|title=Learn More About cPDF|website=www.connectedpdf.com|access-date=2016-12-04|archive-date=2017-02-09|archive-url=https://web.archive.org/web/20170209145815/https://www.connectedpdf.com/contact.html|url-status=dead}}{{Cite web|url=http://www.mbda.gov/pressroom/success-stories/mbda-helps-foxit-software-innovate-beyond-borders|title=MBDA Helps Foxit Software Innovate Beyond Borders|last=MBDA|date=2011-05-26|website=www.mbda.gov|access-date=2016-12-04|archive-date=2016-12-21|archive-url=https://web.archive.org/web/20161221204251/http://www.mbda.gov/pressroom/success-stories/mbda-helps-foxit-software-innovate-beyond-borders|url-status=dead}} Japan, Taiwan, Korea, France,{{Cite web|date=2011-05-26|title=MBDA Helps Foxit Software Innovate Beyond Borders|url=https://www.mbda.gov/news/success-stories/2011/05/mbda-helps-foxit-software-innovate-beyond-borders|archive-url=https://web.archive.org/web/20171109134505/https://www.mbda.gov/news/success-stories/2011/05/mbda-helps-foxit-software-innovate-beyond-borders|url-status=dead|archive-date=November 9, 2017|access-date=2020-06-29|website=Minority Business Development Agency|language=en}} 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.{{Cite news|url=http://www.itel.am/en/news/8603|title=Findo announces closure of USD 7 Million Seed Funding Round|last=Mediamax|newspaper=iTel.am|access-date=2016-12-04}}{{Cite press release|url=http://www.prnewswire.com/news-releases/findo-announces-closure-of-7-million-seed-funding-round-with-investment-and-integration-from-foxit-300366617.html#continue-jump|title=Findo Announces Closure of $7 Million Seed Funding Round with Investment and Integration from Foxit|last=Findo|website=www.prnewswire.com|access-date=2016-12-04}}
Foxit Software was named "#2 Best PDF Editor Software of 2022" by ComHQ.{{Cite web |date=2022-02-21 |title=Best PDF Editor Software Of 2022 ComHQ |url=https://www.comhq.com/resources/pdf-editor/ |url-status=dead |archive-url=https://web.archive.org/web/20220602153010/https://www.comhq.com/resources/pdf-editor/ |archive-date=2022-06-02 |access-date=2022-06-21 |language=en-US}}
History
Foxit Software was founded in 2001 by Eugene Y. Xiong (Chinese: {{Lang|zh|熊雨前}}), 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.{{Cite web|title= PDF Master Series III: Eugene Y. Xiong talks with Planet PDF|url=http://www.planetpdf.com/enterprise/article.asp?ContentID=pdf_master_eugene_y_xiong&gid=8484|access-date=2016-12-04|website= Planet PDF }} In 2009, Foxit Software Company incorporated as Foxit Corporation.
In December 2015, Foxit went public on the Chinese over-the-counter market NEEQ.{{Cite web|title=Office Software Company Foxit Poised to Launch Star Market IPO|url=https://equalocean.com/news/2020061014078|access-date=2020-06-29|website=EqualOcean|language=en}} 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.{{Cite web|last=Jingtian & Gongcheng|date=2020|title=Legal Opinion by Jingtian & Gongcheng on Foxit's IPO in SSE STAR|url=http://www.csrc.gov.cn/pub/newsite/fxjgb/kcbzczl/kcbzcsqwj/202007/P020200706693369827654.pdf|access-date=2020-08-27|website=China Securities Regulatory Commission}}
In June 2020, Foxit Software received permission to list in the Shanghai Stock Exchange STAR Market (the Sci-Tech Innovation Board).{{Cite web|last=企业观察报|date=2020-07-01|title=上市捷报 {{!}} 福昕软件IPO通过科创板上市委审核|url=https://tech.sina.com.cn/roll/2020-07-01/doc-iircuyvk1442103.shtml|access-date=2020-08-27|website=tech.sina.com.cn}} 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.
= Acquisitions =
Foxit has grown organically and through several acquisitions.
= Standards involvement =
Foxit has contributed to the evolution of ISO 32000 and ISO 19005 standards.{{Cite web|url=http://www.computerwoche.de/a/sicher-archivieren-mit-pdf-a,2530759|title=Ratgeber Langzeitarchivierung: Sicher archivieren mit PDF/A |website=www.computerwoche.de|access-date=2016-12-04}}
Products
class="wikitable" | |
Product name
!Formerly | Platform |
---|---|
PDF Editor Pro
|Foxit PhantomPDF Business |Windows, macOS, Web, iOS, Android, and Chromebooks | |
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 |[https://www.foxit.com/esign-pdf/comparison.html 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) |
= Foxit Reader =
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.{{Cite web|url=http://downloads.techradar.com/downloads/foxit-reader|title=Foxit Reader|website=TechRadar|access-date=2016-12-04}} Foxit Reader 3.0 offers comparable functionality to Adobe Reader.{{Cite news|url=http://www.techradar.com/news/software/applications/best-free-pdf-readers-1322293|title=The best free PDF reader 2016|newspaper=TechRadar|access-date=2016-12-04}} Older versions were notable for their speed and small file sizes.{{Cite web|url=http://www.pcworld.idg.com.au/review/foxit_software/foxit_reader_3_0/298071/|title=Foxit Software Foxit Reader 3.0|website=PC World|access-date=2016-12-04|archive-date=2017-04-14|archive-url=https://web.archive.org/web/20170414225451/http://www.pcworld.idg.com.au/review/foxit_software/foxit_reader_3_0/298071/|url-status=dead}} Foxit released version 8.0 in 2016.{{Cite news|url=http://www.kmworld.com/Articles/News/News/Foxit-Launches-ConnectedPDF-111975.aspx|title=Foxit Launches ConnectedPDF|date=2016-06-27|newspaper=KMWorld Magazine|language=en-US|access-date=2016-12-04}} The software is pre-installed on Windows PCs from HP, Acer, and ASUS.{{Cite web|url=http://thevarguy.com/computer-technology-hardware-solutions-and-news/120114/foxit-deal-brings-pdf-software-asus-and-acer-pcs-and|title=Foxit Deal Brings PDF Software to Asus, Acer PCs, Laptops|website=thevarguy.com|access-date=2016-12-04|archive-date=2017-10-30|archive-url=https://web.archive.org/web/20171030004557/http://thevarguy.com/computer-technology-hardware-solutions-and-news/120114/foxit-deal-brings-pdf-software-asus-and-acer-pcs-and|url-status=usurped}} 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.{{Cite web|title=Foxit Reader locks up - Linux Mint 64 bit Cinnammon|url=https://forums.foxitsoftware.com/forum/portable-document-format-pdf-tools/foxit-reader/183773-foxit-reader-locks-up-linux-mint-64-bit-cinnammon|access-date=2021-07-20|website=PDF Forum {{!}} Foxit Software|date=28 June 2021 |language=en}}{{Cite web|url=https://www.softwarecrew.com/2017/11/foxit-reader-9-0-unveils-single-key-accelerators-plus-improves-search-commenting-and-accessibility-tools/|title=Foxit Reader 9.0 unveils single-key accelerators, plus improves search, commenting and accessibility tools from Softwarecrew {{!}} Software Reviews, News, Tips & Tricks|website=www.softwarecrew.com|language=en-US|access-date=2017-11-14}}{{Cite news|url=https://www.ghacks.net/2017/11/01/foxit-reader-9-0-major-new-version-released/|title=Foxit Reader 9.0 major new version released |date=2017-11-01|work=gHacks Technology News|access-date=2018-05-29|language=en-US}}
The Foxit installer was bundled with potentially unwanted programs like the Ask Toolbar{{cite web |last1=Hillier |first1=Jim |title=Freeware and the bundling of extras |url=https://davescomputertips.com/freeware-and-the-bundling-of-extras/ |website=Daves Computer Tips |date=17 August 2011 |access-date=16 July 2021}} and OpenCandy which installed the browser-hijacking malware Conduit.{{cite web |last1=Rogers |first1=Nick |title=Beware of Malware when you download |url=https://clearcomputerhelp.co.uk/beware-of-malware-when-you-download/ |website=Clear Computer Help |access-date=16 July 2021}}{{cite web |title=Best PDF Editor Tools for Linux in 2021 – PDF View, Split, Merge, Convert Tools |url=https://afterlinux.com/best-pdf-editor-tools-for-linux/#Download-Foxit-Reader |website=After Linux |access-date=16 July 2021}}
In July 2014, the Internet Storm Center reported that the mobile version for iPhone was transmitting unencrypted telemetry and other data to remote servers located in China despite users attempting to opt out of such data collection.{{cite web|last1=Wesemann|first1=Daniel|title=App 'telemetry'|url=http://isc.sans.edu/diary/18425|work=InfoSec Handlers Diary|publisher=SANS Institute|date=22 July 2014}}
= Foxit PhantomPDF =
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.{{Cite news|url=http://www.toptenreviews.com/business/software/best-convert-pdf-software/foxit-phantom-pdf-review/|title=Foxit PhantomPDF Review, 2016 {{!}} Top Ten Reviews|newspaper=TopTenREVIEWS|access-date=2016-12-04}} Foxit released version 8.0 in 2016. The software has been renamed from Foxit PhantomPDF to Foxit [https://www.foxit.com/pdf-editor/ PDF Editor] with the release of Foxit PDF Editor 11.0.0.49893 dated May 25, 2021.{{Cite web|title=Foxit PDF Editor Version History {{!}} Foxit Software|url=https://www.foxit.com/pdf-editor/version-history.html|access-date=2021-09-23|website=Foxit|language=en}}
= ConnectedPDF =
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.{{Cite web|url=https://smallbiztrends.com/2016/06/foxit-introduces-pdf-workflow-will-rock-team-collaboration.html|title=Foxit Introduces PDF Workflow That Will Rock Team Collaboration|website=smallbiztrends.com|date=28 June 2016 |access-date=2016-12-04}} 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).
= PDF Compressor =
Foxit PDF Compressor converts scanned documents to PDF or PDF/A, compresses them and uses integrated OCR technology to make them fully text searchable.
= Rendition Server =
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.
= OEM relationships =
The company has developed original equipment manufacturer relationships with a number of businesses. Foxit's technology is included in Amazon Kindle,{{Cite news|url=https://thenextweb.com/mobile/2011/12/06/amazon-invests-in-foxit-to-boost-pdf-support-in-kindle-devices-and-apps/|title=Amazon Invests in Foxit to Boost Kindle PDF Support|last=Brian|first=Matt|date=2011-12-06|newspaper=The Next Web|language=en-US|access-date=2016-12-04}} Gmail and Google Chrome.{{Cite web|url=https://www.infoq.com/news/2014/06/google-chrome-pdf-engine-free|title=Google Chrome PDF Engine is now Open Source|website=InfoQ|access-date=2016-12-04}} The company has also developed the rendering engine for Google's open-source PDFium project.{{Cite web|url=http://www.itproportal.com/2014/06/19/google-throws-pdfium-into-the-open-source-community/|title=Google throws PDFium into the open source community|last=Garthwaite|first=Emily|website=IT Pro Portal|access-date=2016-12-04}}
= SDKs =
Foxit also provides a variety of PDF software development kits (SDKs) for developers wanting to create custom PDF applications.{{Cite web|url=https://appdevelopermagazine.com/1830/2014/8/30/Foxit-Updates-PDF-Software-Development-Kit-for-Android-and-iOS/|title=Foxit Updates PDF Software Development Kit for Android and iOS/|website=App Developer Magazine|access-date=2016-12-04}}
Industry association memberships
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.{{Cite web|url=https://www.pdfa.org/board/|title=Board |website=PDF Association|access-date=2016-12-04}} Thomas Zellmann, who joined LuraTech in 2001, is the association's Managing Director.{{Cite web|url=https://www.pdfa.org/staff/|title=Staff |website=PDF Association|access-date=2016-12-04}}
See also
References
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