Signicat has acquired the electronic identification (eID) to add the asynchronous biometric system of the Spanish company video identification services to his wallet. The move strengthens Signicat’s European presence and represents its next step in becoming a global leader in digital identity and electronic signature solutions, according to the announcement.
The company began to refer to itself as “The Trusted Digital Identity Company”, by branding the phrase in all caps, after launching the “Trusted Connections” brand at the end of the month. June.
eID has more than 250 customers in 30 countries, providing asynchronous video identification with an end-to-end identification process including selfie biometrics that combines with its Qualified Electronic Signature (QES) service, the companies say. EID facial biometrics are provided under the product name SmileID.
“Thanks to our long cooperation, we were convinced that the eID was a perfect match for us. Their unique services are an excellent complement to our offer, and they bring with them a more solid base on the European market and skills to further fuel our growth ambitions ”, comments Asger Hattel, CEO of Signicat. “Together, we will solve some of the most advanced digital identity challenges for our customers.”
The companies have been partners for four years, with eID solutions available on the Signicat platform. The joint offering provides a high level of security and compliance for digital identity solutions in the European market and enables a common end-to-end biometric integration process across the EU for regulated companies.
“We look forward to continuing our partnership and becoming part of the Signicat family. Joining forces will allow us to achieve the rapid expansion we have been working on for eight years, ”said Ivan Nabalon, CEO of eID.
eID will continue to operate as an independent organization, with a full integration plan with Signicat within two years.
Terms of the contract are not disclosed.
Signicat also acquired Encap Security in June as it expands its technology portfolio and plans its international expansion.
acquisitions | biometric alertness detection | biometrics | digital identity | eID | Electronic identification | facial recognition | KYC | integration | Mean