iWelcome, the leading European Identity & Access Management as-a-service (IDaaS) vendor, today announced it has acquired Multi Factor Authentication software and technologies from UNLOQ. This technology acquisition is an important step in consolidating iWelcome’s position as worldwide product leader in Identity & Access Management for B2C and B2B scenarios and supporting enterprise customers’ frictionless digital strategies.
UNLOQ is a privately held provider of distributed authentication and authorisation systems that secures access to apps and portals without requiring users to remember any passwords. Besides multiple ways to authenticate, it also offers transaction authorisation and an enterprise level of encryption. iWelcome acquired the UNLOQ MFA authentication app as well as the advanced and fine-grained mobile technology that UNLOQ built.
User-friendly 2FA for B2B power users
UNLOQ’s authentication technology provides new capabilities to iWelcome’s enterprise customers, that typically serve their external users in B2C and B2B use cases, granting access to online services and apps. “UNLOQ brings technical skills and expertise in the field of Multi Factor and Passwordless Authentication that will be used in our platform to solidify our B2B and B2B2C delegation capabilities,” said Danny de Vreeze, founder and CEO of iWelcome. “Our 2FA authenticator will become the default option for power users that access privacy sensitive data such as customer care center operators, administrators and business delegates that grant other users access to company applications. We offer the app completely branded, and it features a simple push and swipe function for maximum user-friendliness.”
Accelerating mobile features
By way of the acquisition, iWelcome will not only be able to offer its enterprise customers ready-to-use authentication tooling, but the acquired technologies will also be used to further develop the platform. Mircea Patachi, CEO of UNLOQ, explains: “We are very excited about joining iWelcome. With the addition of the UNLOQ mobile technology we will accelerate iWelcome's execution for handling push-and-swipe access requests and auditable just-in-time and progressive consent approval.”
The former UNLOQ team is joining iWelcome in its entirety and features a strong background in UI/UX design. These skills and capacity will be used to further enhance and streamline iWelcome’s configuration experience for customers and implementation partners.
iWelcome provides Identity as-a-Service for frictionless privacy-protected consumer services and security-enabled workforce processes. iWelcome is the only European born Identity Platform – headquartered in Europe, backed by European investors and specifically serving customers doing business in Europe. Millions of consumers and hundreds of thousands of employees - across industries like banking, insurance, utility, media & publishing, travel & services, retail/e-tail and Governments & Non-Profit – rely on iWelcome on a daily basis. Analysts like Gartner and KuppingerCole have recognised iWelcome as a worldwide Product and Innovation Leader with
“Excellence” ratings. Building truly winning partnerships with its customers, iWelcome offers lowest Total Cost of Ownership and a time-to-service in weeks. Applying Best-of-Breed Private Cloud Technology, customers benefit from both ends: using a SaaS service while not having to share critical resources.
With solutions for identity registration, multiple ways to authenticate, different types of data encryption, flexible access rights management & data structures, UNLOQ helps organizations unify and secure data, while providing an outstanding user experience. UNLOQ brings to market a new approach in terms of cyber security, by either encrypting data at a very granular level or removing the need to save it altogether, as is the case with passwords. Prior to the acquisition, UNLOQ has partnered with iWelcome since 2016.