Signicat acquires Dutch Identity Specialist Connectis to create Europe’s strongest digital identity platform
Signicat acquires Dutch Identity Specialist Connectis
We are delighted to announce that KPMG Deals (‘KPMG‘) acted as the exclusive financial advisor to the majority shareholder of Connectis Group BV (‘Connectis‘ or the ‘Company'), SIDN Deelnemingen BV (‘SIDN’), on the sale of the Company to Signicat AS (‘Signicat‘). On 2 April 2020, the shareholders of Connectis, one of the largest identity management providers in the Netherlands, announced the agreement to partner with Signicat, a pan-European digital identity company that is backed by Nordic Capital. The combination creates the most comprehensive digital identity platform in the European market.
About the deal
Founded in 2008, Connectis develops and provides secure solutions for online identification, authentication and authorisation allowing customers to log in to online services using DigiD, eHerkenning, Facebook, Google, eIDAS, iDIN and many other digital identity methods. Over 14 million customers have been identified using its software and eRecognition tokens, and 70% of all transactions using the eHerkenning identity and authorisation system (one of the most prevalent identity schemes in the Netherlands) are performed using Connectis' infrastructure.
Signicat's and Connectis' combined expertise forms a strong collaboration from which to continue to drive and shape the digital identity industry in Europe. Signicat's heritage in the Nordics and Connectis' footprint in Benelux, particularly in the government and healthcare sector, will be instrumental in developing solutions that tackle some of the most complex digital identity challenges. The combined entity will focus on helping organisations looking to streamline online business while reducing risk and meeting a range of regulations such as KYC and AML. The combined offering now represents the most comprehensive digital identity solution on the market.
Connectis' previous owners, SIDN and 2050 Foundation, have reinvested in the combined entity, providing a further endorsement in Signicat's future.
Role of KPMG
KPMG Deals has provided exclusive and full scope M&A advisory services to the majority shareholder of Connectis. KPMG has been involved throughout the entire process, advising the shareholder on the successful completion of the transaction with Signicat.
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Please contact Tom Heeffer for any queries .
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