Entrust, a global leader in trusted identities, payments, and data protection, announced today the purchase of Evidos, a pioneer in cloud-based electronic signatures and identity verification systems based in the Netherlands. The acquisition strengthens Entrust's position as a worldwide participant in the $2.3 billion trusted electronic signature market, which is a critical component of digital transformation. The deal's terms were not disclosed.
Evidos, based in the Netherlands and launched in 2008, has roughly 35 people, including co-founders Kick Willemse and Zivko Lazarov, who will join the Entrust team as part of the acquisition. Evidos has more than 2,000 customers and millions of people who use its solutions. It is a large company in Europe with innovative technology.
As a global leader in digital security, Entrust has a unique portfolio that includes, among other things, e-signature workflow, PKI, hardware security modules (HSMs), digital certificates, signing servers, and timestamp authority (TSA).
“Security empowers enterprises to transform with confidence. Digital life demands that organizations provide trusted digital-first transactions, from opening bank accounts to applying for government services. Our intention at Entrust is to be a global player in digital signature solutions, built on a platform of security and trust. Evidos has a talented team that has built successful solutions for small businesses to large enterprise and government customers, and we are excited to work with them to accelerate the growth of Entrust in the e-signature market.”
-Todd Wilkinson, CEO of Entrust
All-digital workflows for authenticating identities and executing compliant, trustworthy documents are simple to implement with the Evidos solution. This is great for transactions requiring trust and benefiting from streamlined digital operations, such as finance, banking, real estate, and the workplace.
Evidos' cloud-based electronic signature workflow solutions will be combined with Entrust's secure certificate-based digital signature solutions. Entrust now offers customers end-to-end, cloud-based electronic signature solutions, including basic, advanced, and certified electronic signatures. These solutions will ensure that documents signed using this offering will ensure the identities of the signers and be visible if altered in transit, thanks to a complete, eIDAS-aligned procedure that takes the user from start to finish in their e-signature journey.