IDnow, a leading provider of identity verification as a service solutions, today announced that it has agreed to acquire German company identity Trust Management AG, a leading international provider of digital and offline identification solutions.
This is the second acquisition of IDnow in the past six months and it marks an important milestone on the road to IDnow 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 past decade, with a particularly strong reputation and customer portfolio in the telecommunications and insurance sectors.
This transaction will further expand the portfolio of verification methods offered by 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 automation to human assistance and purely online mode of operation at the point of sale. All of these methods will be made available through the unified IDnow platform.
In recent years, IDnow’s success has been fueled by strong organic growth and increasing demand for digital solutions in the market. The acquisition of Identity Trust Management AG will enable IDnow to expand into new verticals and provide its services to a wider customer base throughout Germany and beyond.
“Identity Trust Management AG has built an impressive company in terms of both product portfolio and customer relationships,” said Andreas Bodczek, CEO of IDnow. “We have known the management team for years and have established a partnership based on deep loyalty and mutual understanding.
We are pleased to welcome the talented team of Identity Trust Management AG to the IDnow family and look forward to combining the strengths of both companies to create a unified, market-leading brand. ”
“This combination combines the power of IDnow’s innovative technology with all of Identity Trust Management AG’s diverse capabilities to create a differentiated identity verification platform,” said Uwe Stelzig , CEO of Identity Trust Management AG. “Together, we will be well positioned to achieve our shared vision of providing customers with a single, one-stop-shop solution for identity verification. ”
IDnow will maintain the Düsseldorf location of identity Trust Management AG and its employees.
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