Silanis Technologies acquired for US$85 million

| News

The Montreal company Silanis Technologies has just been acquired by the US company Vasco Data Security for US$85 million.

Founded in 1992 by Tommy Petrogiannis, Silanis designs and distributes technology solutions for electronic document signing, as well as solutions for signing, sending and managing the documentation associated with electronic transactions.

Silanis’s clients are located primarily in North America, particularly in the banking services and insurance sectors and government agencies.

The use of electronic signatures has undergone an average growth of 53% per year since 2012, with a peak during electronic transactions at 210 million uses per year. That number could reach 700 million uses in 2017.

Inno-centre, a proud partner of Silanis