Signicat has bolstered its digital identity platform through the acquisition of Connectis, a Dutch digital identity specialist based in Rotterdam. Connectis currently provides authentication and identification services for more than 350 organizations with 14 million individual users, with a clientele that is concentrated in finance, healthcare, insurance, and the public sector.
With the acquisition, Signicat gains control of Connectis’ full portfolio of identity solutions. That includes the Connectis Identity Broker, which links to various electronic identities like iDIN and DigiD, as well as the Connectis Identity & Access Management solution. Connectis also offers We-ID token-based login system, which is certified with the Dutch Ministry of the Interior.
Signicat itself is based in Norway, and has spent the past few years working to raise its profile in Europe and internationally. The company integrated Itsme into its Signicat Digital Identity Platform in 2018, and its services are now available in more than 208 countries following an API rebuild in October. Signicat is hoping that its new acquisition will further those expansion efforts, especially in the wake of a Goode Intelligence report that suggests that the digital identity market will reach $15 billion by 2024.
“By joining forces with Signicat, we have the expertise, scale and competence to be a European market leader,” said Connectis CEO Jeroen de Bruijn. “We are looking forward to jointly serving customers a market-leading offering and driving innovation in the market.”
Connectis was previously owned by SIDN and the 2050 Foundation. Both organizations have offered their endorsement of the acquisition and reinvested in the combined entity.
The acquisition is the latest in a string of Signicat deals in Belgium and the Netherlands. The company recently teamed up with SurePay to facilitate payments in the Netherlands, and partnered with Twikey to allow people to authorize recurring payments with e-signatures.