Sale of Signify Solutions Limited

The IT, Telecoms and Software team at Transcend Corporate, led by Ian Aldridge, has advised the shareholders of Signify Solutions Limited (“Signify”) on its sale to Accumuli plc.

Signify is a leading provider of managed service Two-factor Authentication (“2FA”) based on RSA technology and its own Passcode OnDemand software. 2FA is used as a secure alternative to passwords to enable remote access to an organisation’s systems and information.

Signify has a customer base of over 250 end customers spread across a range of industries, geographies and sizes.

Commenting on the transaction, major shareholders Dave Abraham and Catherine Stewart, said, “This transaction presents an exciting opportunity for Accumuli to take Signify to its next level of potential. Signify is an excellent business offering a cloud-hosted, managed service to a blue chip customer base, and operating in the increasingly important sector of IT security. Dave and Catherine said, “Transcend Corporate proved to be first class advisers, guiding us through the complex process, creating a competitive sales process, and finding the right buyer for our company and its employees. We are delighted to have worked with Ian and his team.

Accumuli Chief Executive, Gavin Lyons, said, “Given the growing mobility of today’s workforce, it is becoming increasingly important for all organisations to secure remote access to systems and information. Adding 2FA managed services to our established portfolio of IT security solutions represents the next logical step in our value proposition to help customers secure their business and reduce operating costs.”

Ian Aldridge, Director at Transcend Corporate, said, “The sale of Signify is a great example of our focus on the entrepreneurial market and demonstrates our success in being able to use our sector knowledge to support the shareholders in achieving their objectives. We are delighted that we have been able to deliver a successful transaction, which is in the best interests of all the stakeholders.”