IDGateway is a UK-based industry leader providing mission-critical identity management and background checking solutions to airports and other high-security environments. It has a strongly entrenched customer base of UK airports, as well as various international airports.
The acquisition by Valsoft marks a significant liquidity event for shareholders and strengthens Valsoft’s proposition within the aviation market, with IDGateway being their first acquisition in the access management and employee vetting space. IDGateway will be central to the formation of a new ‘software cluster’ within the Valsoft ecosystem, which they will look to expand internationally.
"Since we set-out on this journey with BDO Tech M&A we’ve always felt in very safe hands. We’ve been incredibly impressed by the team's attention to detail throughout the process, and their ability to deal with buyer requests with pinpoint-accuracy. The team always ensured we were presented in our best possible light and we are grateful for their constant support and guidance throughout. It has been a pleasure working with the BDO team to achieve this exciting outcome for the company and the shareholders."
Nick Trollope, Shareholder / Director - IDGateway Limited
"It has been a great pleasure to be able to support Julian, Nick and the shareholders on the sale of IDGateway to Valsoft Corporation. The transaction creates an exciting opportunity for IDGateway as they look to strengthen and expand their presence internationally within the identity access management and background checking space. I look forward to seeing the success of the combined business in the future."
Paul Russell, Tech M&A Partner, BDO LLP
The BDO project team included:
Paul Russell, Jim Fieldhouse, Nicole Gordon, Ellie Hau (M&A)