IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Nitro acquires European e-sign SaaS provider Connective

The deal should propel Nitro into the top three enterprise e-signing providers worldwide

Document productivity software company Nitro Software has agreed to acquire Connective NV, a European-based e-sign software-as-a-service (SaaS) provider for $81 million.

Nitro will fund the transaction by tapping investors for $104 million. Connective is the leading e-sign SaaS provider in Belgium, according to Nitro, and is expanding its customer base in 11 other European countries. The firm has over  30 eID and smart card integrations across 20 countries, which Nitro claimed was the most of any e-sign vendor today.

Among Connective’s customers includes the Belgian and French governments, BNP Paribas, Cofidis, ING Bank, Pirelli, and Toyota.

The deal bolsters Nitro's e-sign capabilities, including support for Advanced Electronic Signature (AES) and Qualified Electronic Signature functionality, and the company sees opportunities for improving the Nitro Productivity Platform's existing e-sign capability.

Nitro co-founder and CEO Sam Chandler said the deal was a “milestone moment in Nitro's growth story.”

"With the acquisition of Connective, Nitro is in prime position to become one of the top three global players in the rapidly growing enterprise e-sign market, at a time where increased trust, security, and regulatory compliance are vital to business success. With data privacy and security at a premium, the future of e-signing is built around high-trust eID-driven solutions, and this acquisition positions Nitro to become a global leader in this space,” he said.

"Connective's Smart Document solution will also further bolster Nitro's offering, making document workflow automation easy, powerful, and available to all. There is a multitude of opportunities to drive additional demand of the Connective offerings within Nitro's platform through our global customer and partner networks. Nicolas and his team have built a world-class company that tightly aligns with our mission of delivering best-in-breed, high-value technologies with unparalleled customer service experience and we couldn't be more excited to welcome the entire Connective team to the Nitro family."

Connective CEO Nicolas Metivier said "We are delighted to have found a partner in Nitro that so closely aligns with our mission and vision, as well as our core company values. There was an immediate connection with Sam and the Nitro team, and it was clear to me how Connective's market-leading solutions could scale even further as part of the Nitro Productivity Platform."

When the transaction is complete, Connective will become an indirect subsidiary of ASX-listed, Nitro Software Limited. The complete Connective team is expected to join Nitro.

Featured Resources

The state of Salesforce: Future of business

Three articles that look forward into the changing state of Salesforce and the future of business

Free Download

The mighty struggle to migrate SAP to the cloud may be over

A simplified and unified approach to delivering Enterprise Transformation in the cloud

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

The Total Economic Impact™ Of IBM FlashSystem

Cost savings and business benefits enabled by FlashSystem

Free Download

Recommended

MI5 and FBI warn businesses over mass Chinese IP theft
Security

MI5 and FBI warn businesses over mass Chinese IP theft

7 Jul 2022
Extending APM into observability
Whitepaper

Extending APM into observability

1 Apr 2022
Best presentation software 2022
Software

Best presentation software 2022

25 Mar 2022
Tactics to overcome supply chain shocks and risks
Whitepaper

Tactics to overcome supply chain shocks and risks

19 Nov 2021

Most Popular

Cyber attack on software supplier causes "major outage" across the NHS
cyber attacks

Cyber attack on software supplier causes "major outage" across the NHS

8 Aug 2022
Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022