US-based Entrust, a company that offers identity-based security software and services, announced that it has acquired Netherlands-based Evidos, a platform for cloud-based electronic signatures and identity verification solutions. The terms of the deal have not been disclosed.
With this acquisition, Entrust strengthens its position as a worldwide participant in the $2.3B market for trustworthy electronic signatures, a key element of digital transformation.
“Evidos stands for Evidence in Online Services”
Founded in 2008 by Kick Willemse and joined by Zivko Lazarov in 2011, Evidos claims to be a market leader in providing digital signature and digital identity solutions. The company has innovative technology and extensive business in Europe, with more than 2,000 customers and millions of users of its solutions.
Evidos’ solution enables all-digital processes for authenticating identities and executing compliant, trusted documents simple to implement. This is ideal for transactions requiring trust and benefiting from simplified digital operations such as finance, banking, real estate, and the workplace.
CEO Kick Willemse says, “Our mission at Evidos has always been to make identified signing available anytime, everywhere, for anyone, to contribute to a trusted digital world. Joining Entrust will accelerate this mission on a global scale and empowers our electronic signing platform with trusted digital security solutions from Entrust.”
Aim of this acquisition
The acquisition combines Evidos cloud-based electronic signature workflow solutions with Entrust’s secure certificate-based digital signature solutions.
Sam Morcos, Senior VP, Certificate Solutions at Entrust, says, “We are excited about our acquisition of Evidos. Looking at the opportunities ahead, Entrust will continue to enhance its electronic signature and digital signing capabilities to provide the most seamless customer experience and the highest levels of security and compliance as businesses migrate to digital workflows.”
Entrust will now offer customers end-to-end, cloud-based electronic signature solutions, including basic, advanced, and certified electronic signatures. These solutions will ensure that documents signed using this offering will assure the identities of the signers and be visible if altered in transit. This is thanks to a full, eIDAS-aligned procedure that takes the user from start to end in their e-signature journey.
With this acquisition, Evidos’ nearly 35 employees will join the Entrust team, including co-founders Kick Willemse and Zivko Lazarov.
CEO of Entrust, Todd Wilkinson, says, “Evidos’s talented team has built successful solutions for small businesses to large enterprise and government customers, and we are excited to work with them to accelerate the growth of Entrust in the e-signature market.”
About Entrust Corporation
Entrust claims to keep the world moving safely by enabling trusted identities, payments, and data protection. Currently, more and more people demand secure experiences, whether they’re crossing borders, making a purchase, accessing e-government services, or logging into corporate networks. This is where Entrust operates.
Privately-owned software and credential company, Entrust provides identity-based security software and services in the areas of public key infrastructure (PKI), multi-factor authentication, Secure Socket Layer certificates, fraud detection, digital certificates, and mobile authentication.
CEO of Entrust, Todd Wilkinson, says, “Security empowers enterprises to transform with confidence. Digital life demands that organisations provide trusted digital-first transactions, from opening bank accounts to applying for government services. Our intention at Entrust is to be a global player in digital signature solutions, built on a platform of security and trust.”
The company has more than 2,500 employees, a network of global partners, and customers in over 150 countries.
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