Interac acquires Ottawa-based digital security company 2Keys

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TORONTO - Interac Corp. has signed a deal to acquire Ottawa-based digital security firm 2Keys.

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Hey there, time traveller!
This article was published 05/11/2019 (2337 days ago), so information in it may no longer be current.

TORONTO – Interac Corp. has signed a deal to acquire Ottawa-based digital security firm 2Keys.

Financial terms of the agreement were not immediately available.

Interac operates the debit payments system.

A Interac sign is seen on a business storefront in North Vancouver, B.C., Tuesday, November, 5, 2019. THE CANADIAN PRESS/Jonathan Hayward
A Interac sign is seen on a business storefront in North Vancouver, B.C., Tuesday, November, 5, 2019. THE CANADIAN PRESS/Jonathan Hayward

The companies say 2Keys and its approximately 100 employees will join the company, adding its digital identification technology.

Founded in 1998, 2Keys designs, develops and operates digital identity systems.

2Keys is expected to operate as a subsidiary of Interac and maintain its core lines of business established with public and private sector organizations.

This report by The Canadian Press was first published Nov. 5, 2019.

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