Innovestit Group, specialist in automating financial and administrative back-office processes, announces the acquisition of Stiply, specialist in digital signatures. 'With Stiply, we meet the growing need of our clients to further reduce administrative burdens and combat potential fraud. Stiply thus contributes to compliancy and more efficient business processes,' says Erik van Doorn, CEO of Innovestit.
Stiply is a digital tool that helps get digital documents, such as agreements, contracts, tenders and statements, signed faster or obtain valid collection authorizations instantly. 'Several studies show that the market for e-signatures is growing rapidly. According to Allied Market Research, the global market will reach $3.44 billion by 2022,' says Erik van Doorn. 'The acquisition of Stiply adds significant value to our existing product and service portfolio and strengthens our differentiation in the European market.'
Legal validity
With Stiply, companies and institutions easily enter into legally valid agreements. An audit trail of each transaction is recorded as additional proof. Stiply ensures that signed documents are returned without a human being having to look at them. This also works for large quantities of documents simultaneously (bulk). In short, an indispensable app for every Finance, HR or Sales professional and organizations that process large quantities of documents to be signed. 'The fact that we are now becoming part of InnovestIT Group will only accelerate our development because we now have economies of scale and can combine the knowledge of the two teams,' say Stiply founders René and Joost Kuhlmann.
Strategic fit
CIC Corporate Integration Consultants guided the entire process from sale, negotiating the terms, connecting the various stakeholders, working with various specialists up to and including the intensive period of due diligence and finalization of the various agreements. Bert Kroes jr., M&A consultant at CIC Corporate Integration Consultants: "It was very nice to see the strategic fit between the two companies. The highly complementary services ensure that both parties create great added value for customers and stakeholders.'
As befits a digital e-signature company, almost all contracts have been signed via Stiply. There is still an opportunity for the notary....
About Stiply
Stiply, founded in 2015, is a digital tool that helps make it faster and easier to put a legally valid signature on contracts or statements or instantly obtain a valid collection authorization. The company is growing rapidly and has more than five hundred customers. In addition to customers served directly, Stiply works with a number of partners, such as Carerix (recruitment software), Nmbrs (HR software) and Exact (business software). Stiply focuses on the European market and already supports nine languages.
About Innovestit Group
Innovestit Group helps companies and institutions with the digital transformation of their back office. The holding company includes five operating companies, namely Coforce, Diesis, Easy Systems, ICreative and Stiply. Together they offer a total solution for reducing the administrative burden of financial and back-office processes, including software for purchase-to-pay, order-to-cash and robotic process automation that integrates seamlessly with ERP, CRM, Document Management and other back-office systems. With 120 employees, the company serves more than a thousand customers worldwide. Its customers include leading companies and institutions such as Ballast Nedam, Bol.com, Carpetright, Kwik-Fit, Intersnack and TU Delft.