Prytek Group acquires Scanovate for $50m
Summary
Prytek Group announced a $50 million merger with Scanovate, a software company focused on digital identity and compliance. Scanovate builds tools for customer identification, identity management, and regulatory data integrity, and it serves more than 250 customers across multiple regions. The deal also brings Scanovate’s subsidiaries, Cellosign and ADO Technologies, into Prytek’s ecosystem. Prytek plans to use Scanovate to strengthen its client lifecycle management segment and expand its reach with banks and financial institutions worldwide.
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
FinTech Analytics
Functions
Governance, risk and compliance
Security
General compliance and audit
