Berlin – While working at SMP, members of the YPOG team advised IDnow, one of the leading providers of Identity Verification-as-a-Service solutions in Europe, on its cross-border acquisition of ARIADNEXT, a French company that also specializes in remote verification as well as digital identity creation. Through their collaboration, the two companies say they can offer a comprehensive identity verification platform. This includes AI-powered solutions and verification services with personal assistance that can be used both online and at the point of sale. The combination of the two companies' solutions expands IDnow's offering in the UK, French and German markets. It also benefits international customers who require identity verification across multiple jurisdictions and use cases. IDnow will acquire ARIADNEXT's sites in Rennes, Paris, Madrid, Bucharest, Iasi and Warsaw, as well as its more than 125 employees. The acquisition is subject to regulatory approvals.
A team led by partner Benjamin Ullrich has advised IDnow on several occasions in the recent past, including a financing round with the participation of Corsair Capital, the acquisition of Wirecard Communication Services and, most recently, the takeover of identity Trust Management AG.
French co-counsel was Tristan Segonds (Villechenon).
"We are pleased to have advised IDnow also on this cross-border transaction. It is impressive to see how fast and successfully the company is growing. Identity Verification-as-a-Service is a huge global growth market. It is also hard to imagine our day-to-day work as a law firm without the technology," says Benjamin Ullrich.
Advisors IDnow:
Dr. Benjamin Ullrich (Co-Lead), Partner
Matthias Kresser, Associated Partner
Dr. Adrian Haase (Co-Lead), Senior Associate
About us
YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 120 experienced lawyers and tax specialists and a notary, in three offices, located in Berlin, Hamburg, and Cologne.
