Atlys flies into UK with Artionis acquisition

Atlys, a digital visa services provider that is backed by venture capital firms Peak XV Partners and Elevation Capital, has entered the UK market with an all-cash acquisition of Artionis.

- Siddhant Mishra

The company, which raised $20 million (about ₹167 crore) in funding in September, didn't disclose the deal value. However, a person familiar with the transaction said that the deal value was a little above $1 million.

Following the acquisition, Atlys will onboard Artionis' staff in the UK. The target company has 40 employees operating across offices in London, Manchester and Edinburgh. Atlys plans to double its UK headcount to 80 employees by the end of the year.