Signicat has announce that it has acquired Connectis, a digital identity specialist that develops secure solutions for online identification, authentication and authorisation.
Signicat’s and Connectis’ combined expertise forms a strong collaboration from which to continue to drive and shape the digital identity industry in Europe. Signicat’s heritage in the Nordics and Connectis’ footprint in Benelux, particularly in the government and healthcare sector, will be instrumental in developing solutions that tackle some of the most complex digital identity challenges. The combined entity will focus on helping organisations looking to streamline online business while reducing risk and meeting a range of regulations such as KYC and AML. The combined offering now represents the most comprehensive digital identity solution on the market.
“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,” states 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.”
“It’s time for Connectis to take the next step, towards a prominent role on the European market,” said Jeroen de Bruijn, CEO, Connectis. “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.”
“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,” said Fredrik Näslund, Partner, Nordic Capital Advisors.
Connectis’ previous owners, SIDN and 2050 Foundation, have reinvested in the combined entity, providing a further endorsement in Signicat’s future.