Luxembourg, 13 May 2020 – LuxTrust S.A., the European Qualified Trust Service Provider, announces today a 26% growth of its 2019 turnover (compared to 2018). Enhancing its solutions portfolio, notably with its electronic signature and document management platform COSI, the company has signed up new international clients and expanded its services to established customers.
With 2019 turnover of EUR 15.7 million, up from EUR 12.7 million last year, and 75 employees, LuxTrust S.A. continues its profitable growth.
A constantly evolving solutions portfolio
Three main factors contributed to the growth in 2019. First of all, LuxTrust has invested massively in product development and internal competences over the last three years. Thus today the company benefits from a portfolio of digital trust solutions and extended internal expertise which fits market demand and fosters trust and innovation. The main driving element of LuxTrust has been “COSI”, LuxTrust’s electronic signature and document management platform. Today, COSI is well adopted in Luxembourg, and is becoming a challenger in France, Belgium and other markets. Its cloud version, “Simply COSI”, is available for secured B2B setup in less than 48 hours, a true differentiator on the market.
An international presence
Geographic presence and market visibility were also increased in 2019, contributing to company expansion, with LuxTrust offices opened in Paris and Brussels. A permanent commercial workforce is now established in those two countries to capture local opportunities. As a reminder, LuxTrust won a major national competitive tender in 2019 for being sole provider of electronic signatures to a French energy group.
Partnership with InfoCert
A third element which has contributed to LuxTrust’s growth is the pan-European credibility acquired since December 2018 by entering into a strategic partnership with InfoCert S.p.A., the major Italian Trust Service Provider. With more than 500 employees and revenue close to EUR 100 million in aggregate in 2019, InfoCert, LuxTrust and Camerfirma (also part of the group), today constitute the largest truly-European Qualified Trust Service Provider, with a portfolio of products and competences boosted by the synergies between the companies of the group.
“LuxTrust is proud of 2019 business growth. This is the positive outcome of the investments made as well as of the efforts deployed by the team. Our aim is to ensure market adequacy and customer satisfaction by targeting high-end solutions, without making any compromise on security and compliance. We truly believe that digital trust is a long-term investment for our company as well as for our customers. Together with our partner InfoCert, we want to remain the market reference in terms of digital trust and solutions. I believe that our capability to innovate and the sharpness of our solutions and competences are the key elements that we will keep differentiating us from increasing competition. In the recent months, we have provided customers with trusted digital solutions and advice to help them manage the COVID-19 crisis. This is a role we want to keep playing” says Pascal Rogiest, CEO of LuxTrust.