Schnittker Möllmann Partners, Pusch Wahlig Workplace Law and KNPZ advised IDnow on the deal.
IDnow, a leading provider of Identity Verification-as-a-Service solutions, has agreed to acquire identity Trust Management AG, a leading international provider of digital and offline identification solutions from Germany. This is IDnow’s second acquisition in the last six months and marks a significant milestone on IDnow’s path to becoming one of the leading identity platforms in Europe.
IDnow is a leading identity verification platform in Europe with a vision to make the connected world a safer place. The IDnow platform offers a broad portfolio of identity verification solutions, from automated to human-assisted, from purely online to point-of-sale – each optimized for conversion rates and security. The company has offices in Germany, the UK and France and is backed by prominent institutional investors, including Corsair Capital and Seventure Partners.
identity Trust Management AG has established itself as a key player in the German identity market over the last decade, with a particularly strong reputation and portfolio of clients across the telecommunications and insurance verticals. This transaction will further expand the portfolio of verification methods offered via the IDnow platform. The combined product portfolio will offer one of the broadest sets of identity verification methods available in the European market, ranging from automated to human-assisted and from purely online to point-of-sale. All these methods will be made available via the unified IDnow platform.
The SMP team was led by Dr. Benjamin Ullrich (Picture) and furher included Dr. Malte Bergmann, Dr. Sebastian Schödel, Dr. Adrian Haase, Ann-Kristin Lochmann, Christiane Schnitzler and Dr. Christoph Lüttenberg.
The Pusch Wahlig team was led by Thomas Wahlig and Sabine Jantzen.
The KNPZ team consisted of Dr. Kai Plath, Jan Schäfer, Matthias Struck and Enno ter Hazeborg.
Involved fees earner: Enno ter Hazeborg – KNPZ Rechtsanwälte – Klawitter Neben Plath Zintler; Kai-Uwe Plath – KNPZ Rechtsanwälte – Klawitter Neben Plath Zintler; Jan Schäfer – KNPZ Rechtsanwälte – Klawitter Neben Plath Zintler; Matthias Struck – KNPZ Rechtsanwälte – Klawitter Neben Plath Zintler; Sabine Jantzen – Pusch Wahlig; Thomas Wahlig – Pusch Wahlig; Malte Bergmann – Schnittker Möllmann Partners; Adrian Haase – Schnittker Möllmann Partners; Ann-Kristin Lochmann – Schnittker Möllmann Partners; Christoph Lüttenberg – Schnittker Möllmann Partners; Christiane Schnitzler – Schnittker Möllmann Partners; Sebastian Schödel – Schnittker Möllmann Partners; Benjamin Ullrich – Schnittker Möllmann Partners;