M&A Deal Summary

Signicat Acquires Electronic Identification

On July 5, 2021, Signicat acquired safety/security company Electronic Identification

Acquisition Highlights
  • This is Signicat’s 1st transaction in the Safety/Security sector.
  • This is Signicat’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-07-05
Target Electronic Identification
Sector Safety/Security
Buyer(s) Signicat
Deal Type Add-on Acquisition

Target

Electronic Identification

Madrid, Spain
Electronic Identification is a provider of asynchronous video identification services. Electronic Identification is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Signicat

Trondheim, Norway

Category Company
Founded 2007
Sector Information Technology
Employees435
Revenue 80M EUR (2022)
DESCRIPTION

Signicat is a provider of electronic identity and electronic signature solutions in Europe, that delivers online trust-based services to the public and private sector globally. The Company's solutions fulfill operational capabilities in line with international standards and requirements, such as Privacy, Anti-Money Laundering (AML) and Anti-Terrorist legislation and regulations, as well as Know Your Customer (KYC) requirements for onboarding of new users. Signicat was founded in 2007 and is based in Trondheim, Norway.


DEAL STATS #
Overall 2 of 3
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Spain) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-02 Connectis

Rotterdam, Netherlands

Connectis primarily delivers digital identity solutions to customers in the Netherlands, particularly organizations in the public sector, health care, insurance, and financial services. The company has 52 employees in total. Connectis was founded in 2008 and is headquartered in Rotterdam with an office in Bucharest, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Sphonic

London, United Kingdom

Sphonic is an anti-fraud and identity technology company. The company helps financial services, fintechs, gaming operators and the payments ecosystem manage their client onboardings and risk assessments including activities such as credit checks, affordability checks, and other compliance checks. Sphonic was founded in 2012 and is based in London, England.

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