PSG, a growth equity firm focused on partnering with middle-market software and technology-enabled service companies, is to acquire a majority stake in Universign, a provider of SaaS-based electronic signature solutions.
Universign will join Signaturit and Ivnosys to offer one of the widest catalogues of digital transaction management and trust services in Europe.
Headquartered in France, Universign was founded in 2001 and has evolved into a leading e-signature, e-seal and timestamping software solutions provider, serving more than 9,000 clients. Universign has built longstanding relationships with large corporates and expanded towards the SMB segment. As one of the sector’s pioneers and a qualified trust service provider under the eIDAS regulation, Universign provides high levels of compliance and security coupled with modern and scalable technology through dashboard and API-led products. The Universign operations will continue to be led by Founder and CEO Julien Stern, who will join the senior management team and remain Head of France, becoming a shareholder of the combined group.
Julien Stern, Founder and CEO of Universign, says: “In our view, we’ve built our business on two key principles: simplicity and compliance. This investment is a testament to our vision, our team and our commitment to providing clients with a solution they can trust. We look forward to working with our new colleagues at Signaturit and Ivnosys, as we believe our combined product suite and expanded European footprint will allow us to accelerate our growth and better serve our clients throughout the region.”
Sergio Ruiz and Jaime Castello, co-CEOs of Signaturit and Ivnosys, says: “We’re thrilled to welcome Universign to the Signaturit and Ivnosys group and believe we can create with them a digital signature leader in Europe. Julien and his talented team have built a leading software solution that shares our aim to deliver the safest and most secure solutions in the industry. Together, we aim not only to scale our full platform, but to continue to innovate and expand our breadth of products.”
As part of this combination, the company has appointed Bertrand Sciard as the new Chairman of the Board.
Bertrand Sciard, new Chairman of the Board of the combined group, says: “I feel privileged to take on this role at such an exciting time for the company. The last 18 months have demonstrated an accelerated need for fully compliant, digital solutions in accordance with the European eIDAS regulation. We believe the addition of the Universign platform to Signaturit and Ivnosys will enable us to continue providing the same digitisation solutions to existing customers, and build on that to expand the product suite and quality of services to create a whole greater than the sum of its parts. I look forward to supporting the combined group as it continues to build onto its current offering.”