Prytek Group, a technology group that builds and buys businesses serving financial institutions, is acquiring the operations of Israeli digital identity company Scanovate and two related businesses, Calcalist reported on September 9, 2026.
The first phase of the deal is valued at about $50 million. The transaction is expected to generate shareholder value of up to $100 million as Prytek folds the businesses into its group. The companies did not break down how the consideration is paid.
Alongside Scanovate, Prytek is taking in Cellosign, an Israeli company that turns business and regulatory processes into fully digital journeys, and ADO Technologies, a Colombian identity verification and biometrics company that has served as Prytek's identity partner in Latin America.
What Scanovate built
Amir Fishman, the chief executive, founded Scanovate in 2014 with chief technology officers Roy Fishman and Irad Gilboa. The company makes software that lets large organisations identify customers, manage digital identities and keep data accurate while meeting regulatory requirements. One core feature lets customers scan identity documents such as ID cards with a mobile phone.
Scanovate was bootstrapped, meaning it grew without outside venture funding. It operates in North America, South America, Western Europe and Israel and has more than 250 customers, about 120 of them financial institutions. Its Israeli customers include major banks, credit card companies and insurers.
Cellosign, the second Israeli business in the deal, was founded in 2017 by chief executive Zack Zigherman and chief technology officer Kobi Segev. ADO Technologies is run by chief executive Doron Shlomo and chief technology officer Alon Ofir.
“As the CEO of a software company, I know firsthand the difficulty for companies of our size to grow and penetrate new markets on their own.”
Why sell to Prytek
Prytek was founded about a decade ago and operates a group of data, software and software-as-a-service businesses for financial clients ranging from large banks to fintechs. It is active in 14 countries, says it serves more than 500 tier-one clients, and employs more than 1,500 people across its companies. Its holdings include Delta Capita and the Israeli investment research company TipRanks.
Its model is to let acquired businesses keep their operational independence while sharing customers, infrastructure and management. Founders or chief executives join the leadership of the wider group but keep running, and remain responsible for, the businesses they built.
Fishman told Calcalist that Scanovate had a strong product but that building relationships with large financial institutions and entering new markets on its own was much harder. He said Prytek offered an existing international customer base, infrastructure and sister companies already present in markets Scanovate wanted to reach.
What changes after the deal
Scanovate will lead Prytek's customer lifecycle management segment and will develop products with other group companies, including Delta Capita and TipRanks, while expanding in Israel and abroad.
Prytek founder and chief executive Andrey Yashunsky argued that, as AI makes technology products faster to build, the hard-to-copy assets are institutional trust, global reach, operating infrastructure and long-standing relationships. The deal gives Prytek identity and onboarding technology already used by banks, and gives Scanovate the distribution it says it lacked.
ADO Technologies' role in the deal is to give Prytek a regulated identity verification and biometric authentication business in Colombia, where it already acts as Prytek's local point of contact. Together with Scanovate's document scanning and Cellosign's digital onboarding journeys, the three businesses cover several steps a bank goes through when taking on and checking a new customer.
Legal advice on the transaction came from Dr Tal Tirosh of the APM law firm and from Osher Ben Ezri, according to Calcalist.
A rare bootstrapped exit
Most Israeli technology exits involve companies that raised large sums from venture investors. Scanovate's sale is a reminder that some founder-owned companies reach meaningful outcomes without that route, selling into banks for more than a decade before finding a buyer. With no reported outside investors, the proceeds go to the founders and other existing shareholders.
