Electronic voting software company in Europe to buy
Revenue: 2-20M EUR
Employees: not decisive
Location of the target: Europe
Reason for acquisition: The company is a key player in voting industry. It has a strategy for growing its operations in Europe via acquisitions, therefore the management is open to speaking to interested sellers
Overview of the Buyer for electronic voting software company in Europe
The company is a key player in in election industry and provides secure election management services, online voting solutions and eGovernance solutions. Due to its continuous research activities in election technologies, it came to create various voting platforms that provide the highest security and transparency conditions that an organization or an administration needs. The company is present in US, Europe, Canada, South America, Asia, Australia and its solutions have been used in more than 30 countries. The company wants to grow in Europe and so it decided to buy a similar company. The potential target has registered revenues ranging from 2 to 20M Euro and has positive profitability. The ideal target either has: clients that have a need for electronic voting software or has electronic voting software that is related or complementary to the software of the buyer.
Profile (strategy) of the Buyer for electronic voting software company in Europe
In the election industry is very important that voting is accessible, efficient, transparent and secure and the newer technologies appear that can ensure all of those, the better. The company’s election solutions are very used and trusted by both public and private electoral organizations. The company has very strong R&D activities in order to offer always the best services. The technology behind the solutions is internationally patented and offers high standards of quality due to the implementation of specific cryptographic security feature. The company provides the right technology and delivers extensive election expertise.
The company’s election solutions have features that ensure the efficiency, security, transparency and auditability of election phases, whether it’s about Pre-Election phase, Election Day and Post-Election phase. The solutions are designed to fulfil the demands of any type of election that can be: political elections, referendums, consultations, union elections, professional association elections, university elections, shareholder meetings, etc.
There are 4 important factors that ensure a successful online voting process and they are privacy & security and integrity & auditability. To meet the privacy & security requirements the company makes sure there are respected crucial elements such as end-to-end encryption technology, eligibility checking, vote correctness and vote secrecy. At the same time, to meet the integrity & auditability requirements, the team is focused on few other aspects such as individual verifiability, integrity check, accuracy of the counting process, public audits bulletin. Over all, to meet the security and verifiability standards of the election process, the company makes sure that the most important steps in electronic online voting are well checked, the steps being the following: voter’s authentication, encrypted voting, votes recording & verification, mixing, decryption, counting.
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