Veridos to become majority shareholder in NetSeT
January 2023 by Marc Jacob
Veridos has acquired a majority stake in NetSeT Global Solutions. The acquisition of the company, a developer of identity management systems, strengthens Veridos’ position as a full-service provider of integrated identity solutions.
The Serbian company NetSeT is specialized in the development of complex information systems for the management of citizen data and information security. Veridos already took a minority stake in NetSeT in 2017. Now the company has increased its shares and will integrate NetSeT into the Veridos Group.
Veridos and NetSeT have been working together successfully for 20 years. In joint projects, the companies co-operated in providing the ID system for northern Macedonia, ePassport systems for Bangladesh, Venezuela and the United Arab Emirates, and a driver’s license system for Uganda, among several others.