Wirecard Communication Services GmbH, as well as IDnow, an Identity Verification-as-a-Service Provider, have recently made a joint announcement. This announcement is regarding the two companies signing an agreement that will see IDnow acquire Wirecard Communication Services. Through this agreement, it should be noted that IDnow will retain the Leipzig location, thus preserving a large portion of the employees, 150 in total.
IDnow Aims To Bolster Current Services
With the acquisition of Wirecard Communication Services, IDnow is now capable of focusing on providing identity services. Alongside this, it will be capable of adding more capacity for the IDnow identification processes’ strong growth, as well. With digital services seeing a rise in organic growth, thanks primarily due to the COVID-19 pandemic forcing restrictions on the public at large, IDnow has gained ground considerably.
The firm has seen a sharp increase in the demand for its digital verification procedures. With this acquisition, it’s intended that the quality of IDnow services in their products will be enhanced, increasing the responsiveness for customers further, as well as reducing the overall wait times.
Wirecard Communications Services GmbH was established back on the 29th of April, 2003, standing as part of the Wirecard Group. Wirecard Communication Services GmbH had offered for sale by way of an asset still, having been done in a structured investor process. For more than five years now, Wirecard Communication Services and IDnow had already been successfully working together, as well.
Expanding The Leipzig Location
The first step in this acquisition process involves providing employees with appropriate qualifications, as well as adapting the technical infrastructure of the firm itself. With the realignment finished, the Leipzig location will see itself expanded in a targeted way, with the plan of integrating it into the processes of IDnow. This comes in order to allow the implementation of projects to be even faster, as well as provide further technical development for the IDnow services.
The Mandatory Kind Words
Andreas Bodczek stands as the CEO of IDnow, and gave comment about the matter at large. He explained that Wirecard Communications Services’ integration would see the IDnow Group capable of seizing an opportunity to improve the service quality and range for its respective customers.
As such, Bodczek highlighted that they have already been working closely with the company for several years, now, and expressed appreciation regarding its employees’ experience and qualifications. Bodczek also stated that IDnow stands on a healthy path of growth, and aims at further developing and maintaining the Leipzig location.