[Press Release]

Security Technology "Made in Germany" Proves Convincing

Bare.ID Secures Moll Family GmbH as New Minority Anchor Investor

23. May 2024

Swoosh

With its innovative Single Sign-On platform, Bare.ID is the first German provider in the growing IT security market to offer a GDPR-compliant and efficient security solution for businesses and is pleased to announce the Moll Family GmbH as a new partner and minority anchor investor. This strategic partnership enables Bare.ID to further solidify its leadership position in the industry and the German-speaking market while expanding and enhancing its portfolio of innovative security solutions.

Moll Family GmbH is known for contributing to the development of innovative solutions for the most pressing challenges of our time through strategic partnerships and targeted investments. "Bare.ID is an excellent example of our investment strategy in modern, scalable, and future-proof companies. With Bare.ID, we are investing in an innovative security solution to provide secure and efficient IT infrastructure for businesses of all sizes in the growing IT security market," says Rolf-Jürgen Moll, founder and managing director of Moll Family GmbH and founder of LucaNet AG. "The investment in Bare.ID reflects our confidence in the company’s ability to provide a highly secure platform for every organization, even in regulated sectors."

Kian Gould, CEO and founder of Bare.ID, also emphasizes the shared vision of the collaboration: "Single Sign-On is a key component of a reliable IT security infrastructure. It is even more alarming that many organizations either work without such a solution or rely on providers who cannot guarantee GDPR compliance and digital sovereignty. We are very pleased to have gained Moll Family as an investor who shares our views and will accelerate our growth." The majority of Bare.ID's shares will remain in the hands of the founders and the operational management team.

About Bare.ID

Bare.ID is the most secure and flexible Single Sign-On (SSO) platform, and as the only provider, it integrates all common multi-factor authentication methods without additional cost. Bare.ID enables dynamic and context-sensitive security levels, is a purely German product with Open Source at its core, and meets the highest security and compliance standards. Whether B2B, B2C, or B2E, the modern solution adapts to the individual requirements of different business scenarios. Companies also have the option to choose between a cloud-based SaaS implementation, hybrid, or on-premise operation.

The Bare.ID team unites Keycloak, cybersecurity, and cloud operations experts who have developed the security solution with their combined expertise. With years of experience in consulting and development for clients, especially in highly regulated industries, the team brings extensive knowledge of the necessary security standards. Additionally, Bare.ID ensures digital sovereignty by exclusively operating in Germany.

About Moll Family and LucaNet

Moll Family GmbH, founded and led by Rolf-Jürgen Moll and Nathalie Komáromy-Moll, is more than just a traditional asset management company, with a clear focus on innovation and responsibility. It is a community of ambitious thinkers who are passionate about promoting entrepreneurial ideas and innovative technologies that create positive change in our society. The goal is not only to manage wealth but also to take responsibility for our future, making a measurable difference in the world and creating a more sustainable tomorrow for future generations. As the founder of the internationally successful financial software LucaNet, Rolf-Jürgen Moll brings not only his entrepreneurial spirit and valuable experience as a successful founder but also profound expertise in software development and an extensive network to the partnerships.

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Bare.ID represents user-friendly Identity & Access Management in the cloud. With Bare.ID, digital business processes and applications can be connected to a local user directory, benefiting from centralized security and Single Sign-On. Whether On-Premise, Hybrid, or Cloud, Bare.ID offers a multitude of pre-configured integrations. 100% security, Made in Germany.

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