IDnow, a provider of Identity Verification-as-a-Service solutions, announced that it has agreed to acquire identity Trust Management, an international provider of digital and offline identification solutions from Germany.
IDnow will retain identity Trust Management’s Düsseldorf location as well as its employees.
The acquisition of identity Trust Management will allow IDnow to expand into new industry verticals and provide its services to a broader customer base throughout Germany and beyond.
The combined product portfolio will offer one of the broadest sets of identity verification methods available in the European market, ranging from automated to human-assisted and from purely online to point-of-sale. All these methods will be made available via the unified IDnow platform.
identity Trust Management has established itself in the German identity market over the last decade, with a particularly strong reputation and portfolio of clients across the telecommunications and insurance verticals.
This is IDnow’s second acquisition in the last six months following that of Wirecard Communication Services in September 2020.
Andreas Bodczek
“identity Trust Management AG has built an impressive company both in terms of product portfolio and client relationships. We have known the leadership team for years and have established a partnership rooted in deep loyalty and mutual understanding.
We are excited to welcome identity Trust Management AG’s talented team to the IDnow family and look forward to combining the strengths of both companies to create a unified, market-leading brand.”
said Andreas Bodczek, CEO at IDnow.
Uwe Stelzig
“This combination unites the power of IDnow’s innovative technology with identity Trust Management AG’s diverse set of capabilities to create a differentiated identity verification platform.
Together, we will be well-positioned to achieve our joint vision of providing clients with a unique, one-stop solution for identity verification.”
said Uwe Stelzig, CEO at identity Trust Management AG.
The post IDnow Acquires Identity Trust Management appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.
Comments