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Foley & Lardner LLP represented Unico, Brazil’s leading IDtech company, in the acquisition of OwnID, a U.S.-based startup specializing in passwordless and passkey authentication.
Founded in 2007, Unico develops digital identity protection solutions that support the largest retailers, private banks, fintechs, and telecom companies. Unico currently carries out about 25 million identity authentication transactions per month, including access to banks, digital wallets, fintechs, retail, and e-commerce. Already a Brazilian unicorn with a valuation of approximately $2.6 billion, Unico continues to accelerate its international strategy following prior acquisitions of Oz Forensics and Trully.AI.
Founded in 2020, OwnID has developed a passkey-first approach with biometric login, fallback magic links, and analytics. Today, OwnID processes more than 3.5 million authentications per month, counting Nestlé, SAP, the NFL, and Michael Kors among its clients.
The Foley team was led by partner André Thiollier and included partners Carrie Hoffman, David Morris, Steven Millendorf, Krista Cabrera, of counsel Alan Pate, and associates Alexandre Turqueto, Trevor Mullin, Sarah Waste, and Sarina Rogers.
