Release date: 12 March 2019
Promoter – Financial Intermediary
INTRINSIC ID BVLocation
Description
Intrinsic ID is a cybersecurity company that provides digital authentication solutions. The investment focuses on software development activities enhancing and complementing the current offering and supporting the company's worldwide growth.
Objectives
The proposed loan will help Intrinsic ID maintain their competitive edge in an innovative technology, scale up their business thanks to turnkey solutions and value-added services offerings and pursue their growth strategy and geographic deployment.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 11 million
Total cost (Approximate amount)
EUR 24 million
Environmental aspects
The operation concerns the promoter's investments in technology and product development. Due to the nature of the operation (mainly salaries, technology licenses, capital expenditure (CapEx) concerning hardware), it does not fall under the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.
Status
Signed - 17/05/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).