InWebo Technologies, an expert in multi-factor authentication solutions, has acquired TrustBuilder, a Belgian company that designs identity and customer access management solutions. The acquisition is part of InWebo's buy and build strategy, aimed at expanding its offering and presence in the cybersecurity market.
Founded in 2008, InWebo is a major international player in the industry, offering a complete multi-factor authentication SaaS solution, which is one of the most secure and agile on the market. InWebo and TrustBuilder, which operate in complementary segments of cybersecurity, had already collaborated before the acquisition.
As part of the deal, 2CFinance conducted financial due diligence of TrustBuilder. The transaction will provide InWebo with access to TrustBuilder's technology and expertise, allowing them to enhance their product offering and geographical presence.
InWebo's acquisition of TrustBuilder is a strategic move that will enable the company to expand its footprint in the cybersecurity market. By combining their expertise and resources, InWebo and TrustBuilder can offer a more comprehensive and integrated suite of solutions to their customers.
The acquisition also highlights the growing importance of identity and access management solutions in the cybersecurity landscape. As businesses increasingly rely on digital technologies, securing identities and access to data has become a critical concern.
The acquisition of TrustBuilder is a significant step for InWebo as it seeks to strengthen its position in the cybersecurity market and offer more robust and comprehensive solutions to its customers.