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iWelcome, the only European Headquartered Identity & Access Management as-a-service (IDaaS) vendor, today announced it has closed a Series B funding round with investment fund PPM Oost and full participation of existing investors Newion Investments and Filsa Capital. The investment will be used to accelerate the international growth of the company, by expanding its sales and marketing operations across the United Kingdom and mainland Europe, and for growing its product development and customer success teams.
With this investment iWelcome will be able to continue its + 100% year over year growth track record and bring its company to initially European market leadership.
“Identity is the pivotal element in connecting and protecting people and ICT resources. Identity & Access management (IAM) therefore is the foremost mission critical component in any ICT landscape today,” says Danny de Vreeze, CEO and founder of iWelcome. “While our customers define their strategies for doing multi channel digital business, we have made it our business to bring IAM to live seamlessly, to manage IAM 24x7, to enhance its capabilities continuously and to ensure compliance to privacy and data protection acts.”
“Our IDaaS service is used by businesses across many vertical sectors, by (semi-)governments, educational institutes and NPO’s. With iWelcome they transform care, build better consumer journeys, bring education to students, earn money for their clientele, deliver packages, provide television on-demand, manage pubs & restaurants, and a lot more. They run entirely different businesses, are 100 year old enterprises or disrupting start-ups, however they all have one thing in common, they use our platform to build identity based relations with their customers and enhance digital security.”
Marius Prins, Director PPM Oost, foresees a prosperous future for iWelcome. “For practically everything we do, we require Identity & Access management today. This implies that each organisation has to invest in IAM solutions that are simple to use, always available and secure. iWelcome offers its customers a fully managed, certified and audited, IDaaS service in a value based pricing model, resulting in a TCO that is easily half of that of traditional IAM implementations.”
As part of its commitment to boost its operating and development capabilities, iWelcome will open new offices, which will house product development teams as well as sales and customer success staff focused on the German Language region.