Signicat, one of Europe’s leading providers of digital identity and electronic signature solutions, is acquiring all shares in the UK-headquartered anti-fraud company Sphonic for an undisclosed sum. Existing management shareholders will reinvest a substantial part of the consideration into Signicat.
Signicat has been growing rapidly in the last years, both organically and through acquisitions. The digital identity pioneer aims to be a single provider for the entire digital identity and anti-financial crime lifecycle across Europe. This includes identity solutions to support customer onboarding, authentication, e-signing, fraud management and risk management.
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