The xyzmo group strengthens and expands its portfolio

On February 14, 2008 the shareholders of the xyzmo SIGNificant Group acquired all remaining shares of SIGNificant Signature Solutions GmbH based in Austria from its Israeli founding partner Wondernet. With this share transfer in place, xyzmo and SIGNificant are both now fully owned by the xyzmo SIGNificant Group. The xyzmo SIGNificant Group has additionally acquired all intellectual property rights including the pioneering "real-time handwritten signature biometric engine" from Wondernet.

This merger will streamline the ownership and operations of the xyzmo SIGNificant Group. The resulting group will be more innovative and efficient, providing immediate benefits to customers by combining the xyzmo, SIGNificant and Wondernet solutions into a single fully integrated digital e-signature product line including real-time biometric authentication capabilities.

Gerald Cäsar, CEO of the xyzmo SIGNificant Group states, "Signing documents digitally means a strategic decision of companies. We focus on digital signature solutions from a holistic perspective. With this expanding transaction xyzmo SIGNificant Group strengthens its position in the digital signature market. Our customers directly benefit from the bundling of these technologies in the form of rapid, significant cost savings."

Juergen Hirtenfelder, Managing Director of xyzmo USA LLC,had this to say in response to the recent acquisition, “The combination of Wondernet, SIGNificant and xyzmo technology will provide our customers and partners the most complete product suite on the e-signature market. We see this as an extremely positive step towards market leadership. Furthermore, it will substantially increase our momentum and ability to execute sales in this rapidly growing industry.”

The xyzmo SIGNificant Group retains all assets and key employees of Wondernet currently working on the R&D of innovative digital signature solutions. Consequently, a further development center will be opened by the xyzmo SIGNificant Group in Israel. Since the mid-1990’s Wondernet has been the market leader in personal digital signature capturing and identification based on biometric signature data.  Impressive references indicate the technology´s achievement potential and its suitability for daily use.  This transaction involving the xyzmo SIGNificant Group expands its leading position in the digital signature market, and once again emphasizes the ability to offer customers and partners the most complete digital signature solutions.

Henceforth, Wondernet will act as sales partner of the xyzmo SIGNificant Group.