Munich-based IDnow is on a mission to become one of Europe’s leading identity platforms. With the announcement of their acquisition of identity Trust Management, the second within the last six months, the mission is clearly progressing.
No financial details were provided.
For the past decade identity Trust Management has been a key player in the German identity market; particularly noteworthy within the telcom and insurance sectors. It’s expected that IDnow will capitalise on these connections and further expand their offerings and verticals.
The combined product offering will feature one of the broadest identity verification methods available within the European market, ranging from fully automated to human assisted and online only to physical point of sale.
“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 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.”
IDnow will retain identity Trust Management’s Düsseldorf location as well as its employees.