Norwegian firm Signicat has acquired Connectis, a verification specialist, paving its technique to turning into a significant participant in digital identification in Europe.
Introduced on Thursday, each the businesses will now function as a single entity.
Signicat has a outstanding presence in Scandinavia and, following this deal, will faucet into Connectis’ two main markets – the Netherlands and Belgium.
“The adoption of digital identification within the Netherlands and Belgium has been spectacular, and we’re more than happy with now increasing our operations within the area,” Asger Hattel, CEO of Signicat, stated.
“With Connectis becoming a member of Signicat, we aren’t solely increasing our attain and buyer base, we’re creating Europe’s strongest digital identification platform. We’re actually wanting ahead to working collectively and to supply current and new clients a fair stronger digital identification providing.”
Digital identification sector is booming
Headquartered within the Netherlands, Connectis was based in 2008, providing digital identification providers throughout the nation. The first consumer base of the corporate comes from sectors starting from the general public sector, well being care, insurance coverage, and monetary providers.
As detailed by the announcement, the mixed entity will deal with serving to organizations seeking to streamline on-line enterprise whereas decreasing danger and assembly a spread of rules resembling KYC and AML.
Although the monetary particulars of the deal weren’t revealed, the press launch revealed that SIDN and 2050 Basis, the previous homeowners of Connectis, will now put money into the mixed entity.
“It’s time for Connectis to take the subsequent step, in direction of a outstanding position on the European market.” Jeroen de Bruijn, CEO at Connectis, added. “By becoming a member of forces with Signicat, we actually have the experience, scale and competence to be a European market chief. We’re wanting ahead to collectively serving clients a market-leading providing and driving innovation out there.”