ID management specialist in £4m deal with US counterpart
Old Trafford-based ProofID, a provider of identity management technology, has merged with a US-based identity and access management specialist.
The £4m transaction with PEGRight Inc will increase group turnover by 50% to over £6m with the number of employees rising from 32 to 48.
ProofID was formerly Salford Software, owned by Salford University, and the merger will see the creation of a company with a potential market valuation of over £18m that will operate across both Europe and North America.
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