Banco Sabadell looks likely to have exited the digital signature software provider after Providence Equity Partners bought a majority stake.
Asset manager Providence Equity Partners has paid an undisclosed amount for a majority stake in Signaturit, a Spain-headquartered electronic signature technology developer backed by financial services firm Banco Sabadell.
Providence made the investment through growth capital affiliate Providence Strategic Growth (PSG), and the company’s founders will retain their stakes.
Founded in 2013, Signaturit has developed software that allows users to send and digitally sign documents, in addition to an identity verification tool.
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