Scytl, a Barcelona, Spain- based company provider of digital voting and electoral modernization tech, announced that it was acquired by Service Point Solutions, a company quoted in the Spanish Stock Exchange and part of Paragon group.
FInancial details of the transaction were not disclosed. The acquisition also includes Civiciti, the citizen participation platform launched by Scytl in 2016, and the subsidiaries from USA, Canada, Australia, France and Greece.
As part of its integration into the Paragon group, the company will be renamed Scytl Election Technologies.
Scytl, founded in 2001 and led by CEO Silvia Caparrós, is a developer of secure online voting and election modernization software. Its technology has been successfully used by more than 30 countries around the world and is entering the private elections market as well. Scytl has a very strong presence in the United States, Canada, Australia, Switzerland, France, Netherlands and Spain.
Scytl was backed by professional investors including Nauta Capital, Vulcan Capital and Balderton Capital, which funded the company with EUR 5 million ($5.6M) in 2019.
