Prytek Group, which operates within the infrastructure and monetary companies sector has introduced a merger with Scanovate, which develops superior digital identification and compliance technological options. The deal is price about $50 million and is anticipated to generate shareholder worth of as much as $100 million.
Scanovate, based in 2014 by CEO Amir Fishman, and CTOs Roy Fishman and Irad Gilboa, has developed instruments that allow enterprises to determine clients, handle their identities, and preserve information integrity in step with regulatory necessities wherever the organizations function. The corporate’s resolution helps massive enterprises determine clients by scanning identification paperwork (equivalent to ID playing cards) straight from their cell machine. Scanovate is lively in 4 essential areas – North America, South America, Western Europe, and Israel – and serves greater than 250 clients, of which about 120 are monetary establishments. Its clients in Israel embody main banks, bank card corporations, and main insurance coverage corporations.
As a part of the merger, Scanovate’s subsidiaries will be a part of the group. The primary subsidiary, Cellosign – an Israeli firm based in 2017 by Zack Zigherman (CEO) and Kobi Segev (CTO) – develops a platform that serves organizations in Israel and world wide as an govt arm for changing enterprise and advertising processes into a completely digital course of (E2E). Cellosign makes a speciality of information visitors (information assortment and processing) and driving enterprise, advertising and regulatory processes, whereas making a digital expertise (digital Journey) with inner and exterior clients. The platform is an implementation arm.
The second subsidiary, ADO Applied sciences, which operates in Colombia, led by CEO Doron Shlomo and CTO Alon Ofir, makes a speciality of digital id verification and biometric authentication in accordance with native rules and is the group’s level of contact within the Latin American market within the discipline of id verification.
Prytek is a gaggle of corporations within the discipline of infrastructure and monetary companies that was based a couple of decade in the past and operates by way of a singular mannequin. The corporate manages an ecosystem of expertise and repair corporations that collectively type an added worth chain within the fields of knowledge, software program and Software program as-a-Service (SaaS) for international monetary purchasers. from first-tier banks to main fintech corporations.
In apply, when an organization joins the group, its founder or CEO joins the management of the complete group, however continues to handle the enterprise they constructed, whereas sustaining full accountability for its efficiency. This creates a standard strategy to institutional purchasers, sharing of technological infrastructures and administration companies, and shared development objectives that drive all corporations within the group ahead collectively. Prytek at the moment operates in 14 international locations, serves over 500 Tier 1 purchasers worldwide, and has over 1,500 staff by way of the businesses within the group.
On becoming a member of Prytek, Scanovate will lead the CLM (Shopper lifecycle administration) phase within the group and can proceed to develop new merchandise, in collaboration with different corporations within the group equivalent to Delta Capita and an Israeli firm TipRanks, whereas increasing the group’s actions in Israel and internationally, leveraging Prytek’s distinctive infrastructure, which incorporates sharing present buyer relationships, skilled groups, worldwide outreach, and administrative assist. The authorized features of the deal have been supported by Dr. Tal Tirosh of the APM agency and Adv. Osher Ben Ezri.
Prior to now six years, Prytek has undertaken quite a few main transactions which have made it a number one international participant within the discipline of technological companies for banks and monetary establishments: In August 2024, Prytek accomplished the acquisition of Israeli firm TipRanks, which has developed an funding analysis software that’s in style amongst buyers, brokers and monetary establishments world wide; In August 2025, Delta Capita, the UK subsidiary of Prytek, acquired DTCC’s regulatory reporting platform, thereby including some 250 extra institutional purchasers in Europe, Asia-Pacific and North America to the group; beforehand, in December 2024, Delta Capita took over HSBC’s OTC Derivatives enterprise and, as a part of this long-term service settlement, absorbed over 300 of the financial institution staff; that very same yr, Delta Capita was chosen as the popular accomplice of the London Inventory Alternate (LSEG) for the acquisition of its KYC expertise and onboarding platform, thus bringing the CLM engine referred to as “Karbon” to the Prytek Group.
Prytek Group Founder and CEO Andrey Yashunsky mentioned, “Within the AI period, the place expertise is quickly changing into a commodity, a expertise product will be in-built months. What is way tougher to duplicate is the belief of institutional purchasers, international attain, operational infrastructure and relationships constructed over years. That is exactly the distinctiveness of the Prytek mannequin: corporations that be a part of us obtain not solely expertise and capital, however entry to the client base, infrastructure and the community of belief we now have constructed, permitting them to develop quicker and at a bigger scale. Our offers with LSEG, DTCC and HSBC illustrate the power of this mannequin.”
Scanovate CEO Amir Fishman mentioned, “Because the CEO of a software program firm, I do know firsthand the issue for corporations of our dimension to develop and penetrate new markets on their very own – not as a result of we lack a great product, however as a result of constructing institutional belief with banks and huge monetary establishments is a sluggish, costly, and generally unattainable course of for a corporations of our dimension. We joined Prytek since we discovered precisely what we have been lacking: institutional belief that has been constructed for years, an present international deployment, and a community of sister corporations which have already traveled this path earlier than us. This isn’t simply entry to a brand new market, it is a chance to take the businesses’ merchandise and options to extra markets, and place them in entrance of shoppers who would have taken us years to succeed in on our personal. That is precisely the leap that Scanovate wants at this stage of its life.” Cellosign CEO Zack Zigherman added, “Lately, Cellosign has been receiving ongoing skilled recognition, since organizations are not on the lookout for a point-in-time digital software, however reasonably an infrastructure, just like the one we now have developed, which permits them to create and handle digital belongings, processes and buyer journeys, join techniques and folks, and reply rapidly to enterprise and regulatory modifications. We see the merger with Prytek as a wonderful alternative to broaden Cellosign’s operations worldwide and broaden the product portfolio for our clients, in addition to one other milestone in groundbreaking work within the digital, technological and enterprise worlds.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on September 9, 2026.
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