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M&A Deal Summary

Signicat Acquires Sphonic

On April 26, 2022, Signicat acquired information technology company Sphonic

Acquisition Highlights
  • This is Signicat’s 2nd transaction in the Information Technology sector.
  • This is Signicat’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-04-26
Target Sphonic
Sector Information Technology
Buyer(s) Signicat
Deal Type Add-on Acquisition

Target

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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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 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 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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