The acquisition aligns with Digicert’s vision of providing the world’s most globally dispersed and robust PKI-based solutions with local support. Quovadis has operations in Switzerland, Germany, The Netherlands, Belgium, the UK and Bermuda.

“We are excited to welcome the Quovadis team and technology to Digicert, as we look to continue to serve our partners and customers with industry-leading solutions,” said Digicert CEO John Merrill. “The European market, like many parts of the world, has specific country and regional needs that can best be served with locally based teams and technology. The Quovadis acquisition supports our commitment to Europe, combining our technology innovation with on-the-ground experts in the region.”

With the acquisition, Quovadis Qualified digital certificates will be backed by Digicert, the world’s leading TLS and PKI provider featuring best-in-class technology and infrastructure. Quovadis Qualified digital certificates comply with eIDAS, the European Union’s regulation on trust services for electronic transactions in the European Single Market, and may be used across borders of EU member states and in Switzerland.

Under eIDAS, Qualified trust services provide legal certainty and increased security of electronic transactions. Beginning in June 2019, the EU Payment Services Directive 2015/2366 will require banking and financial services companies doing business in the EU to use Qualified website certificates for stronger identity assurance. Through the Quovadis acquisition, Digicert will be able to provide these certificates to help organisations comply with the Payment Services Directive.

Additionally, through Quovadis, Digicert will become a leader in data integrity management for electronic records, digital signature technology for banking and e-invoicing applications, as well as remote digital signature solutions to enable signatures from any device.

Additional Quovadis data centre assets remain subject to approval of the Regulatory Authority of Bermuda and are expected to transfer to Digicert in the near future. Meantime, Wisekey will provide transition services to Digicert for those assets.