Signicat acquires e-signature firm Dokobit
Norwegian digital identity firm Signicat has acquired Lithuanian signing solutions company Dokobit for an undisclosed sum.
Asger Hattel, Signicat CEO
In a blog post, Dokobit describes the deal as a perfect complimentary partnership. It allows both to expand their reach across the Baltics and Scandinavia.
Dokobit will continue to operate under its existing name and structure, but will be packaged into Signicat solutions.
The firm, founded in Lithuania in 2008, also operates in Estonia, Latvia, and Iceland.
The combination will offer “a full range” of electronic identification services. The acquired firm says it will now provide issuance of IDs, e-signing, and electronic document lifecycle management.
Signicat CEO Asger Hattel says the two firms share a “cultural, commercial, and technological fit”.
He adds: “With Dokobit, we will gain access to a fast-growing and exciting part of the European e-signature market.”
Gintas Balčiūnas, Dokobit CEO, says it’s important to “act quickly” in the “rapidly expanding” e-signature market.
“Our goal has always been to conquer Europe, and together with Signicat we will be able to do so much faster.”
The acquisition is Signicat’s third in 2021, and its fourth in two years. In July it bought up Spanish video identity firm eID. Prior to that, it acquired Nordic authentication firm Encap Security.
April 2020 saw the firm acquire Connectis, a Rotterdam-based identity company. All of these deals followed Signicat’s own takeover by Nordic Capital in April 2019.
