xyzmo-significant

The acquisition of xyzmo/SIGNificant  is a further step in Namirial’s  growth strategy in the global  Digital Transaction Management (DTM) market

Ansfelden, Austria – Senigallia, Italy, December 17th 2015 – Namirial SpA and SIGNificant Signature Solutions Gmbh announce that they have entered an agreement under which Namirial Gmbh, a fully owned subsidiary of Namirial SpA, will acquire all assets of xyzmo Software Gmbh and SIGNificant Signature Solutions Gmbh.

Both Namirial and xyzmo/SIGNificant focus on addressing the fast growing business needs of organisations conducting secure digital transactions. Forrester Research, reported recently a 53% average annual growth in the use of e-signatures since 2012 with the number of transactions settled using e-signatures topping 210 million and likely to reach more than 700 million in 2017. Furthermore, a new Regulation of the European Parliament and of the Council on electronic identification and trust services (eIDAS) standardizes and promotes e-signature adoption across the region.

With the combination of Namirial and the xyzmo / SIGNificant solutions, the Company can now provide an omni-channel DTM solution legally compliant throughout the European Union that allows its clients to conduct business transactions, anywhere, anytime and on any device and help companies transitioning to fully digital processes.

Gerald Cäsar, founder and CEO of SIGNificant will continue as Managing Director of Namirial Gmbh. He remarked: The e-signature market is consolidating heavily. This market dynamic cannot be ignored and there is a clear need for a strong European based player, which is now addressed by Namirial”.

“This acquisition will widen and strengthen the combined company portfolio. xyzmo/SIGNificant signature solutions are an ideal complement to Namirial e-signature and digital certificate business. We see this transaction as a perfect strategic fit and as an engine for growth.” added Luigi Enrico Tomasini, CEO of Namirial Gmbh.

Claudio Gabellini and Enrico Giacomelli, founders and owners of Namirial added: “We founded Namirial in 2000 with a vision to offer services and products to help clients to better face the new challenging digital world. Since then we have invested in emerging business opportunities that propelled the company to exponential growth.  We see this agreement not only as a keystone to exploit the DTM market opportunity but also as a way to get access to the European market through xyzmo/SIGNificant partners and resellers network”.

Altium acted as global advisor to Namirial on this transaction, Ceccarelli & Silvestri Studio Legale Associato in  Pesaro and Kunz Schima Wallentin Rechtsanwälte OG in Wien acted as legal advisors and Dott.ri Gaetano Ambrosio e Davide Ceccucci in Jesi and Dott. Marco Macoratti of  Contax in Wien acted as fiscal advisors. Corum Group acted as global advisor to xyzmo/SIGNificant on this transaction, Schönherr acted as legal advisor and Eccontis acted as fiscal advisor. Banca MPS has helped finance the acquisition. Terms of the acquisition were not disclosed.

About xyzmo/SIGNificant

xyzmo/SIGNificant has more than 10 years expertise in the market of digital signatures and handwritten signatures capture with more than 200.000 seats installed all over the globe with millions of signatures processed. www.xyzmo.com

About Namirial

Namirial is a Software and Service Company and a Certification Authority, which provides Trust Services like e-signature, registered e-mail, e-invoicing and digital archiving to more than 500.000 customers.  In addition, Namirial has installed more than 20.000 seats of its Graphosign signature capture and also provides software packages specifically designed for the needs of small companies and professional freelancers including payroll, tax return, building and construction. The Namirial Group serves almost 1.000.000 clients. www.namirial.com

Media Contacts

media@namirial.com

IDC’s forecast says that Apple will grow its market share from 24.5% this year to 25.8% next year, but then stagnate. Windows, in contrast, is predicted to grow from 8.5% this year to 17.8% by 2019. Android is predicted to be the loser, declining from 67% this year to just 56.5% by 2019.

“We’re witnessing a real market transition as end users shift their demand towards detachables and more broadly towards a productivity-based value proposition,” said Jean Philippe Bouchard , Research Director, Tablets . “The proliferation of detachable offerings from hardware vendors continues to help drive this switch. We’re starting to see the impact of competition within this space as the major platform vendors – Apple, Google and Microsoft – now have physical product offerings. With attractive price points, including the introduction of sub-$100 detachables, and platform innovation being driven by competition, IDC is confident that the detachables segment will nearly double in size in the next year, recording more than 75% growth compared to 2015.”

“The transition to detachable tablets also ushers in two other key trends: the growth of Windows and a turnaround for Apple’s iPad device line,” said Jitesh Ubrani , Senior Research Analyst, Worldwide Mobile Device Trackers. “Though early reviews for the iPad Pro have been mixed, we believe the Pro to be the only reason for Apple to gain tablet market share in the coming years as they target select enterprise and prosumer audiences. At the same time we expect Windows-based devices – slates and detachables combined – to more than double its market share by 2019, driven by a combination of traditional PC OEMs as well as more household smartphone vendors.”

  

The Regulation (EU) N°910/2014 on electronic identification and trust services for electronic transactions in the internal market (eIDAS Regulation) adopted by the co-legislators on 23 July 2014 is a milestone to provide a predictable regulatory environment to enable secure and seamless electronic interactions between businesses, citizens and public authorities.

In this regard, the eIDAS Regulation ensures that people and businesses can use their own national electronic identification schemes (eIDs) to access public services in other EU countries where eIDs are available.
creates an European internal market for eTS – namely electronic signatures, electronic seals, time stamp, electronic delivery service and website authentication – by ensuring that they will work across borders and have the same legal status as traditional paper based processes. Only by providing certainty on the legal validity of all these services, businesses and citizens will use the digital interactions as their natural way of interaction.

With eIDAS, the EU has managed to lay down the right foundations and a predictable legal framework for people, companies (in particular SMEs) and public administrations to safely access to services and do transactions online and across border in just “one click”. Indeed, rolling out eIDAS means higher security and more convenience for any online activity such submitting tax declarations, enrolling in a foreign university, remotely opening a bank account, setting up a business in another Member State, authenticating for internet payments, bidding to on line call for tender, etc.

As a regulation eIDAS will enter in force directly, without the need of a national legislation. The regulation will automatically replace any inconsistent national laws in Europe.  The framework is based on the Member States’ reciprocal obligation to recognise trust services if those services are based on a qualified certificate issued in one Member State. The opportunities lie in the leveraging of electronic trust services as a key enabler of the e-signature market by making electronic transactions more secure, convenient, and trustworthy. European businesses will be able to contract online (e.g. both “onboarding” new customers, as well as offering new products to existing clients).

One of the major benefits of eIDAS is that qualified digital signatures can now be generated using server-side signatures (where the signer’s key is held securely on a trusted server), which are far more efficient and cost-effective than the smartcard-based systems in use today.

How SIGNificant Complies with eIDAS

The power of SIGNificants’s flexible and open architecture is that it can incorporate multiple external e-Identity Providers (IdPs).

  • Server-side signing: the user’s keys are held securely inside a Hardware Security Module (HSM) or cloud-based service attached to the SIGNificant Server.
  • Local signing: the user’s keys are held on a smartcards or USB tokens

Furthermore server-side qualified signatures can be combined with capturing forensically identifiable signatures on signature pads or mobile devices. SIGNificant records the handwritten signature of a person by parameters of pressure, acceleration, speed, and rhythm. These parameters are unique to every individual and cannot be easily reproduced by a forger. Once a signature, including all the biometric parameters, has been embedded into a document, it is turned into a signed and sealed PDF. Based on the embedded signature the identity of the signer can be proved anytime via a forensic expert like today on paper.

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