MUNICH and DÜSSELDORF,
Germany, March 3, 2021 /PRNewswire/ -- IDnow, a
leading provider of Identity Verification-as-a-Service solutions,
today announced that it has agreed to acquire identity Trust
Management AG, a leading international provider of digital and
offline identification solutions from Germany. This is IDnow's
second acquisition in the last six months and marks a significant
milestone on IDnow's path to becoming one of the leading identity
platforms in Europe.
identity Trust Management AG has established itself as a key
player 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 transaction will
further expand the portfolio of verification methods offered via
the IDnow platform. 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.
For the last few years, IDnow's success has been fueled by
strong organic growth and an increasing demand for digital
solutions in the market. The acquisition of identity Trust
Management AG will allow IDnow to expand into new industry
verticals and provide its services to a broader customer base
throughout Germany and beyond.
"identity Trust Management AG has built an impressive company
both in terms of product portfolio and client relationships," said
Andreas Bodczek, CEO at IDnow. "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."
"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," said Uwe Stelzig, CEO at
identity Trust Management AG. "Together, we will be well-positioned
to achieve our joint vision of providing clients with a unique,
one-stop solution for identity verification."
IDnow will retain identity Trust Management AG's Düsseldorf
location as well as its employees.
About IDnow
IDnow is a leading identity verification platform in
Europe with a vision to make the
connected world a safer place. The IDnow platform provides a broad
portfolio of identity verification solutions, ranging from
automated to human-assisted, from purely online to point-of-sale -
each of them optimized for user conversion rates and security.
The company has offices in Germany, United
Kingdom and France and is
backed by renowned institutional investors, including Corsair
Capital and Seventure Partners. Its portfolio of over 300
international clients, spans a wide range of industries, and
includes leading international players such as, Western Union, UBS,
Commerzbank, Sixt and Munich Re, as well as digital champions like
N26, Solarisbank, wefox and Tier mobility.
About identity Trust Management AG
identity Trust Management AG is an international provider of
digital and offline identification solutions and a leading
technology and software provider of certified identification
processes for individuals and legal entities. identity Trust
Management AG offers eIDAS compliant, certified and privacy
compliant KYC processes for all industries.
identity TM provides identification and eIDAS compliant QES
services on the basis of Full Service and Software as a Service.
Customers of identity Trust Management AG include market leaders
such as Deutsche Telekom, 1&1, WEB.DE, GMX, OTTO, R+V, HUK,
CosmosDirekt, BMW, SWK Bank, VW, Audi, Bundesdruckerei and
Telefonica.
Photo -
https://mma.prnewswire.com/media/1447966/IDnow_M_TRIBES.jpg
Logo - https://mma.prnewswire.com/media/1342896/IDnow_Logo.jpg
Press contact IDnow:
Christina Schwinning
press@idnow.io
+49 89 41324 6054
Press contact identity Trust Management AG:
Claudia Coleman
presse@identity.tm
+49 211 6877 3161