Massachusetts, US-based Providence Strategic Growth (PSG), a growth equity firm that partners with lower middle-market software and technology-enabled services companies, has acquired a majority stake in Paris-based Universign, a provider of SaaS-based electronic signature solutions.
The acquisition comes after the recent combination of PSG-backed Signaturit and Ivnosys in April, 2021. The combined platform will provide a complete suite of trust services and digital transaction management software to corporates and SMEs in Europe. Currently, the combined business serves about 236,000 clients across the region.
Founded in 2014, PSG helps software and tech-enabled services providers navigate transformational growth, capitalise on strategic opportunities, and build strong teams. It has already backed more than 80 companies and facilitated over 325 add-on acquisitions.
SaaS platform for electronic signature
Founded in 2001 by Julien Stern, Universign has evolved into an e-signature, e-seal and timestamping software solutions provider, serving more than 9,000 clients across various sectors including insurance, banking, industry and energy, services as well as the public sector.