UAE Telecommunications Regulatory Authority (TRA) has accredited Spain-based technology services company Lleida.net as a certification services provider in the country.
This accreditation is the initial step towards the automated legal recognition of the company’s electronic contracting and notification services, whose titles are traded in cities like New York, Paris and Madrid.
The recognition was obtained through Lead Information Technology Network Services LLC, a subsidiary of the company in the region.
“Our internationalization policy in the Middle East is not only focused on boosting the commercialization of our services, but also on strengthening our position as a benchmark player in the region. TRA’s recognition of the validity of our services in the UAE is critical to further progress in this direction.”
Lleida.net is currently the largest European company in the eSignature industry. Its electronic notification and contracting services are accepted as legitimate in court and public administration proceedings in more than 75 countries.
Lleida.net became the first Spanish company to receive Eidas certification in 2018, which enables it to operate in European countries without barriers and makes its electronic certificates acceptable in any European court or administration by default.
More than 50 countries on five continents, including the United States, the European Union, the Gulf Cooperation Council, China, Russia, India, Mexico, Japan, Colombia, Argentina, Peru, South Africa, Nigeria, Australia and New Zealand, have also granted the company 187 patents in the digital signature market.
Lleida.net began trading on the OTCQX Best Markets index in New York last week. The initial public offering (IPO) submitted by the company was approved by almost 99 percent of the members who attended the September 14 public shareholders’ meeting.
Lleida.net is a company with Euronext’s fastest stock market growth in 2020 and one of the world’s biggest stock market success during the health emergency triggered by the COVID-19 pandemic. Its shares have risen 940 percent this year.