Signaturit and Ivnosys, two providers of trust service and secure digital transaction management software in Southern Europe, have signed definitive transaction documents to join forces.
By combining Signaturit’s core cloud-based e-signature platform with Ivnosys’ suite of innovative, secure digital identities, digital notifications and digital signature solutions, the transaction seeks to create a full-service digital transaction management Software-as-a-Service (SaaS) company, offering a broad suite of advanced tools to securely manage digital identity within the enterprise and provide trust-based process, contract and transaction management across functions and sectors. Going forward, customers are expected to benefit from the expanded combined product offering that seeks to address specific use cases ranging from electronic identification, paperless contract execution, digital documentation management and secure digital interactions with public entities. With over 200 employees, the combined entity intends to serve customers of all sizes ranging from SMEs to large corporates across Europe and Latin America.
PSG, a leading growth equity firm that focuses on partnering with middle-market software and technology-enabled service companies, will back the combined business as majority shareholder, following its initial investment in Signaturit in December 2020. The partnership between Signaturit and Ivnosys brings both companies’ software solutions under one umbrella, working closely together to offer a broad suite of solutions to customers, aiming to drive organic growth and continued expansion through strategic M&A, building on each of Signaturit’s and Ivnosys’s market position in Spain and strong presence in Southern Europe.
“Joining forces with Signaturit and PSG is an exciting proposition for us and we can’t wait to work together to drive synergies between the two businesses,” says Sergio Ruiz and Jaime Castello, Co-CEOs and Founders of Ivnosys. “We believe this collaboration will help us achieve our mission of digitalising the documentation management and transaction process across the board in Europe.”
Juan Zamora, CEO and Co-Founder of Signaturit together with Co-Founder Javier Martínez, says: “We are excited to partner with Ivnosys, a company that we believe has an outstanding reputation for developing sophisticated digital identity and secure transaction management software tools, and to be able to offer a broad suite of products to our customers. We look forward to working with the Founders and the team at Ivnosys and continuing our successful relationship with PSG.”
Dany Rammal, Managing Director and Head of Europe at PSG, and Romain Railhac, Director at PSG, add: “We’re delighted to support both Ivnosys and Signaturit and work alongside what we believe to be two excellent teams led by Sergio, Jaime, Juan and Javier. We believe that both businesses are poised to benefit from the growing uptake in document management and transaction software, and by combining they create a truly promising proposition in Europe.”
“It’s been a great pleasure to support Ivnosys’ growth since 2019, and we’re pleased that they have found partners in Signaturit and PSG to take the company forward,” says José Tomás Moliner, Partner at CAPZA. “We look forward to following their continued success, both in Spain and beyond.”
Formed in 2013, Signaturit’s technology platform provides a SaaS-based solution for customers to send and sign documents legally and efficiently. It additionally provides trust services to cover adjacent parts of the digital signature process, including eDelivery, which certifies the delivery of the entire electronic signature procedure, and eID, which offers secure authentication of the person before signing a document.
Ivnosys’ suite of innovative software solutions is designed to help companies, individuals and public administration bodies improve their digital processes. IvSign, its core cloud platform, allows its users to manage and sign digital certificates, seeking to generate efficiencies, improve IT security through evidence-generation, and promote a paperless, digitally secure, professional environment. Founded in 2013, Ivnosys reaches customers via an extensive partner network, processing over 100,000 signatures per day.
The founders of both Signaturit and Ivnosys expect to retain equity ownership in the joint holding of the group, and jointly lead the combined company, while French private equity firm CAPZA expects to exit its stake in Ivnosys. Financial terms of the transaction, which is subject to regulatory clearance, have not been disclosed.
