Belgian identity app itsme buys fellow Belgian multi-factor authentication firm nextAuth

Belgian identity app itsme has acquired the Leuven-based multi-factor authentication firm nextAuth in an undisclosed deal. 

Already a finance industry and regulatory favourite both at home and around Europe, with nearly seven million Belgians and 800 companies on board, the addition of nextAuth to its offering will propel itsme to a level of security that has been described as ‘cast-iron’ with nextAuth's ‘highly advanced cryptography’.

“We are often asked questions about the difference between nextAuth and itsme. Our answer has been that the itsme app is the ideal client for the technology that we have developed. The fact that we can now actually give our solution wings through this collaboration with itsme is fantastic news,” says Jens Hermans, CEO of nextAuth. 

“itsme and nextAuth have a shared ambition: to ensure that all citizens are able to log in and sign documents in a way that is secure and easy. Cybersecurity has been a priority at both companies from day one. This merger is therefore a logical step. Welcoming the nextAuth team, with its in-depth expertise and shared values, can only strengthen the development of itsme. The good ties with KU Leuven are also particularly valuable,” says Stephanie De Bruyne, CEO of itsme.

Lead image: via itsme. Photo: Uncredited.