Tech & Product DD | Acquisition | Code & Co. advises IDNow on ARIADNEXT
Location
Munich/Cesson-Sévigné
Type
Acquisition
Engagement
Tech & Product DD
Sector
Digital Identity & Authentication

Code & Co. provides Tech & Product Due Diligence to IDnow ahead of its acquisition of French identity technology provider ARIADNEXT

IDnow and ARIADNEXT join forces to create the leading Pan-European identity verification platform.

Munich/Cesson-Sévigné ,
  • ARIADNEXT specializes in offering fully automated solutions based on Artificial Intelligence technology.
  • IDnow’s portfolio includes over 300 international clients, spans a wide range of industries, and includes leading international players such as Western Union, UBS, Commerzbank, and Sixt.
  • Code & Co. led Tech & Product Due Diligence for IDnow.

ARIADNEXT specializes in offering fully automated solutions based on Artificial Intelligence technology. These solutions enable them to meet stringent regulatory challenges and anti-fraud requirements whilst focusing on optimizing conversion rates and creating a seamless user experience.

IDnow provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted, from purely online to point-of-sale – each of them optimized for user conversion rates and security.

By combining the existing IDnow platform with ARIADNEXT’s product offering, IDnow will be offering one of the broadest sets of identity verification solutions to the European market.

The new comprehensive identity verification platform offers verification options for all users ranging from AI-driven to human-assisted technology and from online to point-of-sale solutions. Service capabilities for these products will be increased in the IDnow core markets (Germany, France, and UK), whilst new opportunities will open up for international customers with identity verification needs across several jurisdictions and use cases.

Together, both companies will work towards their joint vision of providing European businesses with a one-stop solution for identity verification, offered through a fully comprehensive and seamless identity verification platform.

Code & Co. first encountered IDnow during the course of a $40m dollar growth investment by Corsair Capital for the company itself (2019) and then again for its add-on acquisition of Trust Management AG (2020).

Ahead of ARIADNEXT’s acquisition, Code & Co. analyzed potential technical and product-related risks and opportunities, compiling an in-depth assessment of the company’s technical architecture, infrastructure, machine learning strategy, and growth roadmap.

This transaction underlines Code & Co.’s position as a market-leading technology and product advisor for acquisitions across the globe. It further highlights Code & Co.’s extensive sector expertise in highly complex technical and operational sectors of the global digital economy.

About

Code & Co. is an independent advisory firm specialized in advising funds in the global alternative investment industry. Our expertise is modern and holistic technology and product due diligence. From outside-in audits and confirmatory due diligence to portfolio audits, exit preparation, and vendor due diligence, we provide our clients with crucial insight across the entire investment life cycle.