Blockchains takes over Evan

The Dresden start-up's solutions will be integrated into the competitor's platform. Several state-owned investment companies also benefit from the exit.

The US company Blockchains is swallowing Evan GmbH. This was announced by the Dresden-based company on Thursday. The purchase price was not initially disclosed. Blockchains is acquiring 100 percent of the shares, which is why the previous investors beteiligungsmanagement Thüringen GmbH and Technologiegründerfonds Sachsen can also look forward to an exit.

Evan develops solutions that enable companies to exchange data with each other without having to rely on large platforms. To do this, Evan relies on so-called digital identities. This offering fits very well with Blockchains, Inc., which is also committed to decentralized solutions for data exchange, explains Evan CEO and co-founder Thomas Müller: "Digital identities are firmly rooted in the DNA of blockchains, so we are delighted to become part of the Blockchains family. Together with a visionary team, we want to strengthen the digital sovereignty of people and companies."

The Evan solutions will now be integrated into the Blockchains platform. "The added value of the acquisition lies not only in Evan's broad technology portfolio, which is based on a much-needed trust infrastructure," explained Lee Weiss, Executive Vice President at Blockchains: "Rather, the talented employees bring a deep understanding of the development of decentralized solutions taking into account global interface standards, which is a tremendous asset for us at Blockchains."