From: RegTech Analyst
Digital identity company Signicat has acquired Dutch digital identity specialist Connectis to create a stronger platform.
Founded in 2008, Connectis primarily delivers digital identity solutions to customers in the Netherlands, particularly organisations in the public sector, health care, insurance and financial services.
It has developed several secure solutions for online identification, authentication and authorisation for more than 350 organisations to identify over 14 million customers.
Signicat and Connectis have poised their combined powers as a solution for organisations looking to streamline online business while reducing risk and meeting a range of regulations such as know your customer and anti-money laundering laws.
“The adoption of digital identity in the Netherlands and Belgium has been impressive, and we are very pleased with now expanding our operations in the region,” stated Asger Hattel, CEO of Signicat. “With Connectis joining Signicat, we are not only expanding our reach and customer base, we are creating Europe’s strongest digital identity platform. We are really looking forward to working together and to offer existing and new customers an even stronger digital identity offering.”
Jeroen de Bruijn, CEO of Connectis, added, “It’s time for Connectis to take the next step, towards a prominent role on the European market. By joining forces with Signicat, we really have the expertise, scale and competence to be a European market leader. We are looking forward to jointly serving customers a market-leading offering and driving innovation in the market.”
Fredrik Näslund, partner at Nordic Capital Advisors, stated, “Nordic Capital acquired Signicat a year ago with the ambition to support and accelerate its international expansion and strengthen its position as a leading digital identity platform. This acquisition is an important step to deliver even better digital identity solutions to the market, and Nordic Capital is enthusiastic about supporting Signicat’s continued growth journey in Europe.”
Copyright © 2020 FinTech Global