BEIJING, Sept. 15 (Xinhua) -- Fujian Foxit Software Development Joint Stock Co., Ltd. (688095.SH) announced on late Tuesday that its wholly-owned subsidiary DocuSavvy Technologies Limited will buy a 100-percent stake in AccountSight for no more than 28 million U.S. dollars.
AccountSight is a Software-as-a-Service (SaaS) company that mainly provides electronic signature services. Founded in 2012, AccountSight is headquartered in Cupertino, California, the USA.
At present, Mahender Bist and Anita Bist hold 49-percent and 51-percent stakes, respectively, in the U.S. company.
The acquisition will help extend industrial chain, expand business scope and further enhance its core competitiveness, said the Shanghai-listed company.
Based in Fuzhou, capital city of east China's Fujian Province, Fujian Foxit Software Development is engaged mainly in providing portable document format (PDF) related software and products. (Edited by Hu Pingchao with Xinhua Silk Road, firstname.lastname@example.org)