Patrick Strubbe & Womble Bond Dickinson Team Guide LEAD Technologies in Sale to Apryse Software Corp.

Congratulations to LEAD Technologies! LEAD Technologies, a Charlotte-based software and technology company founded in 1990 by Moe Daher and Rich Little, recently completed a successful sale to Apryse Software Corp. 

A multidisciplinary team led by Patrick Strubbe, a Charlotte-based private equity and M&A Partner with Womble Bond Dickinson, represented LEAD Technologies in this highly complex deal. The Womble team also included Patrick Allen, Neill Edwards, Tara Cho, Matt Homan, Jane Jeffries Jones, Afzal Karim, Jim Kearney, Jake Rifkin, Josh Rifkin, Maan Sangrid, Mike Tobin and Mark Wiley. Mike Tobin had a long prior relationship handling the company’s intellectual property matters.

LEAD co-founder, Moe Daher, commented on the representation by the Womble team:

“As a programmer whose experience is in the technical world of growing and developing innovative products, the complexities of legal processes are daunting challenges. However, the exceptional team at Womble Bond Dickinson turned this journey into a seamless experience. Their legal skills and expertise were not only impressive; but transformative especially in a deal as such that included multiple patents, copyrights, and licenses. They possessed a deep understanding of our needs and concerns, adeptly breaking down complex legal jargon into understandable concepts that provided immense comfort and clarity throughout the due diligence and contractual negotiations. Their remarkable ability to navigate the intricacies of this transaction with such ease and expertise was truly amazing. Womble Bond Dickinson didn’t just represent us; they were an indispensable pillar of support, guiding us through every step with unparalleled professionalism and care.”

LEAD Technologies is renowned for its AI-powered Software Development Kits (SDKs) that aid application development across various platforms and programming languages. The inclusion of LEAD's flagship product, LEADTOOLS, into Apryse’s portfolio introduces a suite of libraries vital for development in recognition, document, vector, medical imaging, and more, alongside enriching Apryse’s healthcare offerings with advanced solutions in DICOM, PACS, and 3D processing through LEAD’s Medicor portfolio, including MiPACS. This acquisition also will advance product capabilities in generative AI, data extraction, form recognition, and processing, reinforcing Apryse’s commitment to accelerating enterprise digital transformation securely and cost-effectively.

Apryse will gain 85 employees and two new offices in the acquisition further solidifying Apryse's position as a major player in document processing.

Click here to read the official press release on the acquisition.

About Apryse

Apryse, previously known as PDFTron, is a global leader in document processing technology that makes work better and life simpler. Apryse gives developers, enterprise customers, and small businesses the tools to reach their document goals faster and more easily. Apryse technology works with all major platforms and a wide variety of unique file types. For more information, visit Apryse.com.

About LEAD Technologies

Powered by patented AI and computer vision algorithms, LEAD's flagship product, LEADTOOLS, provides programmers with a powerful set of libraries and low-code controls to help programmers quickly & easily integrate technologies including OCR/ICR, Barcode, Forms Recognition & Processing, PDF, Intelligent Document Processing, Viewing, Editing & Conversion, Annotations, DICOM, PACS, Medical Viewing, A/V Codecs and more. LEAD also heads Medicor Imaging to provide the dental and medical imaging communities with its MiPACS product line to facilitate a seamless, connected transition into the digital era. LEAD boasts a diverse customer base as well as a strong list of corporate partners, including some of the largest and most influential organizations from around the globe.