Ubisecure secures investment from Octopus Investments to accelerate the growth adoption for Customer Identity & Access Management solutions across Europe.
Ubisecure, a Helsinki, Finland-based company providing a Customer Identity & Access Management (CIAM) platform, announced raising an undisclosed amount of capital growth in an investment round from UK-based Octopus Ventures.
The funding will be used to fuel expansion in Europe and accelerate category-defining innovation and product development for its Customer Identity & Access Management (CIAM) platform.
Ubisecure, founded in 2002 as a European identity services provider, was formerly a CIAM platform Division within GMO GlobalSign. Base 10 Ventures acquired the Division in 2016 and re-adopted the name of Ubisecure.
The company, led by CEO Simon Wood, provides a powerful Identity Platform to connect customer digital identities with customer-facing SaaS and enterprise applications in the cloud and on-premise. The platform consists of productised Customer IAM middleware and API tooling to help companies connect, manage, secure and streamline the use of customer identities to reduce the efforts and cost of delivering connected, business-critical applications across all devices. The business is driven by privacy regulation such as GDPR and PSD2, as well as digital transformation and customer experience improvement initiatives.
Notable Ubisecure customers across its target verticals of Telecoms, Retail, Financial & Energy include S-Group, DNA, Neste as well as several Government organisations. Its partners include CGI, Cap Gemini, Tieto and Nixu.
Ubisecure will expand personnel across the Nordics and immediately establish local presence in the UK to support new customers and partners and plans to open a local German office in late 2018.
Richard Court and Paul Davidson of Octopus Investments will join Ubisecure’s board of directors.