Sweden-based Pointsharp, a cybersecurity solutions provider, announced on Thursday, August 10, that it has acquired Germany-based identity management specialist SIVIS to solidify its presence in the German market.
Pointsharp says that the acquisition will contribute to its growth journey and helps the company improve its arsenal of cybersecurity products.
The merger is also expected to allow Europe to achieve data sovereignty as many organisations still rely on providers outside the region.
Niklas Brask, managing director at Pointsharp, highlights the importance of the merger as the company is rapidly developing.
“By partnering with SIVIS, we are extending our portfolio with a strong Identity Management for SAP and Microsoft environments as well as role management, compliance checks and pioneering AI products in enterprise security,” says Brask.
“The merger with Pointsharp, known for strong and secure authentication in complex enterprise landscapes and encryption solutions, is an exciting development. This strategic move will enable us to offer our customers enhanced security throughout the entire identity lifecycle,” say Boris Grothues and Philipp Latini, co-CEOs at SIVIS.
Pointsharp also says its acquisition of SIVIS coincides with an increasing demand for a one-stop solution that can support an organisation’s digital journey while providing security and ease of access.
Backed by Main Capital Partners
Since 2020, Pointsharp has received backing from Dutch private equity firm Main Capital Partners. Main aims to support Pointsharp’s international expansion plan via a buy-and-build strategy.
“We are delighted with the improved international outlook for the group as it also simultaneously adds strong and complementary solutions to the already impressive service offering,” says Wessel Ploegmakers, partner and co-head of the Nordics office at Main.
In 2021, Pointsharp added Swedish security provider SecMaker to its portfolio. The addition of SecMaker to the group enhanced Pointsharp’s product offerings. SecMaker is known for its proprietary Net iD suite. The technology offers solid authentication, encryption, and digital signature for corporate security.
In 2022, Pointsharp acquired Cryptshare to further strengthen its position as a leading software provider in the European market. Cryptshare is recognised for its inventive security solutions for digital communications in organisations.
Read the orginal article: https://siliconcanals.com/news/pointsharp-acquires-germanys-sivis/
