Validated ID joins Signaturit Group to boost offering of secure electronic services

Cuatrecasas advised the founders and shareholders of Validated ID, S.L. on selling their share capital to the Signaturit Group, which will expand its product offering with new ID verification, authentication and advanced digital signature solutions, including decentralized digital identity under eIDAS2. 

Founded in 2012, Validated ID is a leading provider of innovative digital identity and digital signature solutions. In 2018, it won the second edition of Cuatrecasas Acelera and, later, received financing from Cuatrecasas Ventures to continue developing its interesting project specializing in electronic portfolios and qualified electronic signatures. Currently, the company has a growing network of over 300 partners and over 4,000 clients in over 35 countries. 

This collaboration will enable the two companies to develop new technological proposals that will benefit their clients and end users. The acquisition will enable the Signaturit Group to expand its portfolio of digital ID and signature solutions, strengthen pan-European regulatory compliance thanks to Validated ID’s experience with eIDAS and GDPR, and promote the group’s presence in highly regulated sectors. It will also strengthen the commercial scope with over 100 million annual transactions and a client base of 100,000, while also boosting its partner ecosystem with over 150 integrations in Europe.

“We are very proud to have advised Validated ID on this strategic transaction, which reinforces the positions of both companies in the market and drives innovation in the electronic trust services sector,” says Alejandro Payá, Cuatrecasas corporate lawyer, who led the advisory service in which lawyers Xavier Morera and Anna Iribarren also participated.