Acquisition of Cipher 10 by Committed Capital backed ID-Ware Group

Deal typePrivate Equity & Transaction Services
IndustryTechnology & Media
Sub-industryTechnology
Client nameID-Ware
BDO has provided financial and tax due diligence services on the acquisition of Cipher 10 by ID-Ware Group.

ID-ware is a leading provider of Physical Identity & Access Management solutions and supports organizations worldwide. The software platform for lifecycle management of multi-function cards and mobile credentials for issuing and revoking authorizations to connected systems in real time is of central importance.

Today, the ID-ware Group has about 120 employees and is mainly active on the European market.

Cipher10 Ltd provides IT and Security consultancy services specialising in Access Control Systems & Physical Identity & Access Management. It also develops innovative solutions such as its AI driven Photo Capture Tool.

With this acquisition, ID-ware Group further strengthens its market position as a leading provider of Physical Identity & Access Management solutions in Europe and expands its solution and service portfolio for further growth.

The BDO project team included:
Conor Lambert, Mark Jones, Avanish Katkoria (Financial due diligence)
Brad Payne (Tax)