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 stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
