Welcome, the only European Headquartered Identity & Access Management as-a-service (IDaaS) vendor, today announced it has closed a Series B funding round with investment fund PPM Oost and full participation of existing investors Newion Investments and Filsa Capital.
The investment will be used to accelerate the international growth of the company, by expanding its sales and marketing operations across the United Kingdom and mainland Europe, and for growing its product development and customer success teams.
With this investment iWelcome will be able to continue its + 100% year over year growth track record and bring its company to initially European market leadership.
“Identity is the pivotal element in connecting and protecting people and ICT resources. Identity & Access management (IAM) therefore is the foremost mission critical component in any ICT landscape today,” says Danny de Vreeze, CEO and founder of iWelcome. “While our customers define their strategies for doing multi channel digital business, we have made it our business to bring IAM to live seamlessly, to manage IAM 24×7, to enhance its capabilities continuously and to ensure compliance to privacy and data protection acts.”