Through the acquisition of Ariadnext, IDnow aims to offer a comprehensive identity verification platform – from AI-powered solutions to online and on-site services with personal assistance. Munich companies currently operates on the British, French and German markets.
IDnow says it has experienced a 200 percent increase in demand for its solutions since the beginning of the pandemic. Accordingly, the Munich-based company expects revenues to triple this year compared to 2019.
Ariadnext offices and employees are to be taken over
“The merger with Ariadnext is an important step towards realizing our vision of becoming the European market leader for Identity Verification-as-a-Service solutions,”
says Andreas Bodczek, CEO of IDnow.
"Identity verification has taken a major step towards digitalization over the past decade. This trend has been further accelerated by the pandemic. For banks, insurance companies, mobility companies, and other industries, it is crucial to switch to secure, automated solutions. With Ariadnext and the recent acquisition of Identity Trust Management AG, IDnow can offer its customers an even broader product range through a single platform and with a seamless user experience."
Guillaume Despage, President of Ariadnext, says:
"We look forward to joining such a dedicated team and pooling our experience and capabilities. We will continue to work toward our common goal of providing our customers with secure and future-proof solutions across Europe."
IDnow has announced that it will take over Ariadnext's sites in Rennes, Paris, Madrid, Bucharest, Iasi and Warsaw, as well as its more than 125 employees.
