MUNICH and LEIPZIG, Germany, Sept. 1, 2020 /PRNewswire/ — IDnow, a number one supplier of Identification Verification-as-a-Service options and Wirecard Communication Providers GmbH announce the signing of an settlement for the acquisition of Wirecard Communication Providers by IDnow. IDnow will retain the Leipzig location preserving the vast majority of staff. With Wirecard Communication Providers, IDnow will give attention to offering identification companies and proceed to construct further capability for the robust progress of IDnow identification processes. In mild of natural progress in digital companies in addition to the added wants associated to restrictons imposed by the COVID-19 pandemic, IDnow is experiencing a pointy enhance in demand for its digital verification procedures. The acquisition is meant to boost the service high quality of IDnow merchandise and thus additional enhance the responsiveness for purchasers and lower ready instances. Wirecard Communication Providers GmbH was established on April 29, 2003, and is a part of the Wirecard Group. In a structured investor course of, Wirecard Communication Providers GmbH was provided on the market by the use of an asset deal. IDnow and Wirecard Communication Providers have already been working collectively efficiently for greater than 5 years. At a workers assembly on Monday afternoon, the insolvency administrator, lawyer Dr. Nils Freudenberg from Tiefenbacher Insolvency Administration, introduced the takeover to the workers of Wirecard Communications Providers. Step one might be to supply the workers with applicable {qualifications} and to adapt the technical infrastructure. Following this realignment, the Leipzig location might be expanded in a focused means and built-in into the IDnow processes as a way to allow even sooner implementation of tasks in addition to additional technical improvement of the Ident companies. “With the mixing of Wirecard Communication Providers into the IDnow Group, we’re seizing the chance to additional enhance our vary and repair high quality for our clients. We now have labored in shut collaboration with this division of the corporate for a number of years and significantly recognize the {qualifications} and expertise of its staff. We’re on a robust progress path and can keep and additional develop the Leipzig location,” says Andreas Bodczek, CEO of IDnow. “We’re delighted to have present in IDnow a purchaser who appreciates and is aware of our firm and has such a pleasant tradition. Personally, I’m very happy to remain on board and work within the staff at IDnow,” says Amra Blume, Managing Director Wirecard Communications Providers. About IDnow With its Identification Verification-as-a-Service (IVaaS) platform, IDnow has got down to make the linked world a safer place. IDnow’s unmanipulable identification verification is used throughout industries conducting on-line buyer interactions that require a excessive diploma of safety. IDnow makes use of Synthetic Intelligence to examine all security measures on ID paperwork and may due to this fact reliably establish cast paperwork. Doubtlessly, the identities of greater than 7 billion clients from 193 completely different nations might be verified in real-time. Along with security, the main target can be on an uncomplicated software for the shopper. Attaining 5 out of 5 stars on the Trustpilot buyer ranking portal, IDnow expertise is especially user-friendly. IDnow covers a variety of use circumstances each in regulated sectors in Europe and for fully new digital enterprise fashions worldwide. The platform permits the identification circulate to be tailored to completely different regional, authorized, and enterprise necessities on a per use case foundation. IDnow is supported by enterprise capital traders Corsair Capital, BayBG, Seventure Companion, G+D Ventures in addition to a consortium of famend enterprise angels. Its portfolio of over 250 clients consists of main worldwide corporations from varied industries similar to Financial institution of Scotland, BNP Paribas, Commerzbank, eventim, Raisin (Weltsparen), Sixt, solarisBank, Telefonica Deutschland, UBS and Western Union in addition to fintechs similar to Fidor, N26, smava, and wefox. Press contact: Christina Schwinning SOURCE IDnow GmbH Associated HyperlinksVia https://blog.jsa.digital/index.php/2020/09/01/idnow-acquires-wirecard-communication-services/
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