IDnow announced that it has agreed to acquire identity Trust Management AG. 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.