Yesterday, in Luxembourg, the kick-off event celebrating the strategic partnership was held. According to Forrester, “in 2019 Digital Transformation will become pragmatic”
Luxembourg, 27 February 2019 – InfoCert (Tinexta Group), the largest Qualified Trust Service Provider in Europe, and LuxTrust, the leader in Digital Trust in Luxembourg, express their full satisfaction with the event they organized yesterday in Luxembourg, where more than 50 top international managers, mainly from the financial sector, participated.
The meeting represents the official launch of the partnership which will primarily address the Benelux and French markets. Together with Camerfirma, one of the main Spanish Certification Authorities, the InfoCert-led trio aims to create the first Digital Champion in EU capable of serving all European local markets with its cutting-edge trust solutions.
After the introduction of Serge Allegrezza, President of the LuxTrust board, and Pier Andrea Chevallard, CEO of Tinexta, the challenges, and opportunities offered to the world of financial institutions within the framework of the Digital Single Market were examined – thanks also to the valuable contribution of the independent analyst Aurelie L’Hostis of Forrester and of the EU DG-Connect policy officer Konstantinos Kapsouropoulos.
Afterward, InfoCert CEO Danilo Cattaneo, LuxTrust CEO Pascal Rogiest and Camerfirma CEO Alfonso Carcasona discussed the joint trust solutions currently available for the European Market, as well as the individual expertise offered by InfoCert, LuxTrust, and Camerfirma.
The companies, in line with Forrester’s 2019 forecasts, intend to make a concrete and leading contribution to making digital transformation “pragmatic” by leveraging their skills and experience in the field of technology and regulatory compliance.
Companies and organizations operating in Italy, France, Belgium, the Netherlands, Luxembourg, Spain and elsewhere in Europe can now leverage on a wide range of digital trust solutions, also rendered more valuable, thanks to the synergy and the complementarity of the offerings of companies that have long been recognized as digital leaders in their respective geographical areas.
“The United States” observed Pier Andrea Chevallard, CEO of Tinexta SpA, “with their laissez-faire approach to the regulation of the digital economy/internet, have lost their leading position in Europe. Rather, it is the European Union that is at the forefront of setting higher standards for digital trust, which will automatically generate significant benefits for all. In this scenario, the creation of a European Champion will facilitate the achievement of these goals by ensuring the most effective and consistent enforcement of standards across Europe”.
Serge Allegrezza, President of the LuxTrust Board, repeated: “The win-win partnership contributes to Luxembourg’s reputation as a trust center in Europe and will strengthen the Grand Duchy’s position as an ideal location for the concrete development of ICT companies and for innovation. It is yet another cornerstone within LuxTrust’s international development strategy, where InfoCert and Tinexta bring an unrivaled robustness.”
“As InfoCert,” stated Danilo Cattaneo, CEO of InfoCert Tinexta Group, “we are extremely pleased with the progress of this partnership: together with Camerfirma and Luxtrust, we are now by far the largest Qualified Trust Service Provider in Europe. The success of yesterday’s event is evidence of the strategy first implemented in 2018 and lays the foundations for new developments. In the coming months, we are committed to bringing a more complete and qualified offer to European markets to satisfy the ever more sophisticated client demand.
“Digitization is part of every company’s agenda” said Pascal Rogiest, CEO of LuxTrust. “Nevertheless, it is crucial to develop a trustworthy ecosystem that organizations and end-users can rely on if Europe wants to succeed in its digital transformation. Based on the current regulated European framework, we thought it was essential to show last night a pragmatic overview of the solutions that LuxTrust, InfoCert, and Camerfirma already propose internationally in terms of digitization and electronic identities.”
“I am delighted that this event has enabled us to demonstrate,” said Alfonso Carcasona CEO of Camerfirma, “how the joining of forces of InfoCert, LuxTrust and Camerfirma brings together complementary resources and expertise, thereby enabling our customers across Europe to confront and overcome the new and increasingly complex challenges of business digitization through qualified trust services.”
InfoCert (Tinexta Group) is the largest European Certification Authority, active in over 20 countries. The Company provides digitalization services, eDelivery, Digital Signature and digital preservation of documents and is the AgID accredited manager of digital identity within SPID (Italian Public System for the management of Digital Identity). InfoCert invests significantly in research and development and in quality. It holds a significant number of patents, while its ISO 9001, 27001 and 20000 quality certifications bear witness to the company’s commitment to the highest levels in the provision of services and in the management of security. The InfoCert Information Security Management System is ISO / IEC 27001: 2013 certified for EA:33-35 activities. InfoCert is a European leader in offering Digital Trust services fully compliant with the requirements of the eIDAS Regulation (EU Regulation 910/2014) and ETSI EN 319 401 standards and aims to grow internationally through acquisitions. During 2018 InfoCert acquired 51% of Camerfirma, one of the main Spanish certification authorities, and 50% of LuxTrust, the leader in Digital Trust in Luxembourg. Lastly, InfoCert owns 80% of the shares of Sixtema, the technological partner of the Italian Artisan world, which provides technology solutions and consulting services to SMEs, trade associations, financial intermediaries, professional firms and institutions.
LuxTrust SA, founded in 2005, implements and integrates innovative, multi-application and customized solutions to guarantee online transactions, digital identity and electronic signatures for its customers. Its mission is to guarantee the digital identity and security of electronic data of businesses and citizens, and thus increase confidence in the digital economy to make life simpler and encourage business efficiency. The shareholder base of LuxTrust is composed of InfoCert (50%) and LuxTrust Development (50%), which belongs to the Grand Duchy of Luxembourg, the Société Nationale de Crédit et d’Investissement- SNCI, the main retail banks, the Luxembourg Chamber of Commerce and the Luxembourg Post Office.
AC Camerfirma SA
Camerfirma, incorporated in 2000 by the Chamber of Commerce of Spain, is an eIDAS qualified Certification Authority. Since May 2018 Camerfirma is owned 51% by InfoCert and 49% by the 72 Spanish Chambers of Commerce. The company is part of ChamberSign, a European organization that authenticates digital certificates in Europe. Camerfirma’s mission is to offer its customers the possibility of using digital certification as a working instrument for the interaction with other companies and public administration bodies. The collaboration with InfoCert has already produced significant positive results in terms of expanded product offer as well as sales and cost synergies.
Tinexta reported the following Consolidated Results at 31 December 2018: Revenues equal to circa €238 million and an EBITDA of circa €63 million. The Group, listed on the STAR segment of the Milan Stock Exchange, is one of Italy’s top operators in its three areas of business: Digital Trust, Credit Information & Management and Innovation & Marketing Services. The Digital Trust Business Unit operates through Visura as well as InfoCert, Camerfirma and its Joint Venture with LuxTrust. The Credit Information & Management Business Unit includes Innolva, which offers decision-making support services such as real estate and Chamber of Commerce-based information, aggregate reports, summary ratings, decision-making models, and credit assessment and collection services, and REValuta, that offers real estate services, including appraisals and valuations. The Innovation & Marketing Services Business Unit, through the subsidiaries Co.Mark and Warrant Hub (formerly Warrant Group), offers a platform of advisory services to SMEs, to support them through the phases of growth in production and expansion of their commercial capacity. At 31 December 2018 Group employees totaled circa 1,300.