Alantra advised Dealflo on the sale to OneSpan (VASCO)
Alantra has advised Dealflo, a leading provider of identity verification and end-to-end financial agreement automation solutions on its £41 million sale to VASCO Data Security, Inc. (NASDAQ: VDSI).
Dealflo is a rapidly growing provider of identity verification and end-to-end financial agreement automation solutions incorporating all the components necessary to fully automate financial transactions. The Dealflo service decreases risk and cost whilst increasing conversion and sales. Dealflo has achieved significant success in providing onboarding solutions to the consumer and asset financing sectors primarily in the U.K. Dealflo is headquartered in London with its development center in Montreal. Dealflo has partnerships with leading identity verification providers Equifax, iovation (being acquired by TransUnion), Mitek, and GB Group, as well as OneSpan Sign (formerly eSignLive). The plan is to expand the company’s operations globally.
Jamie Hope, Partner in Alantra’s UK M&A advisory business and lead advisor on the transaction commented: “We are delighted to have advised Dealflo on its successful sale and are confident that in partnership with VASCO they will be able to further accelerate the growth of the business.”
Abe Smith, Founder and CEO of Dealflo commented: “The entire Dealflo team is thrilled that we are joining a leader in the financial services segment that can accelerate growth of our solution and expand into new regions. We look forward to working together.”
Scott Clements, CEO of VASCO said: “This acquisition will enable us to grow our subscription revenue and Dealflo’s technology will be a major differentiator for our eSignLive solution. In addition, Dealflo’s identity verification capabilities will allow us to accelerate the launch of our TID platform based onboarding, identity and anti-fraud solutions.”