Industry acquisitions hot up

23/01/14

Following hot on the heels of Datacard’s acquisition of Entrust, HID Global has announced its purchase of IdenTrust.

IdenTrust is a provider of solutions for globally interoperable digital identities that can authenticate, encrypt, and create electronic signatures for every type of transaction or activity where proof of identity is essential.

HID says the acquisition significantly expands its ability to provide some of the most secure identity solutions to governments, corporations, and financial institutions around the world.

IdenTrust is the largest provider of digital identities for the Department of Defense’s External Certification Authority (ECA) program, and the General Services Administration’s Access Certificates for Electronic Services (ACES) program, and provides identity management solutions for more than 20 of the world’s largest financial institutions. In the UK, IdenTrust digital certificates secure more than 6 billion payment transactions annually, with an aggregate value exceeding US$7 trillion.

“The acquisition of IdenTrust complements the previous acquisition of ActivIdentity and considerably strengthens our HID Global value proposition around secure authentication, providing us with a Trust Framework for issuing, authenticating and using digital identities based on open standards,” says Denis Hébert, president and CEO of HID Global.

“This acquisition, long in the making due to regulatory requirements, is very positive for IdenTrust, its customers, other shareholders, and employees,” says Karen J Wendel, president and CEO of IdenTrust. “HID Global provides IdenTrust with a strong, financially- stable owner with a highly complementary product portfolio, while IdenTrust offers HID Global enhanced access to the banking, corporate, and government identity markets. The combined solution offering is unmatched in the industry.”

IdenTrust will maintain its existing facilities in San Francisco as well as operations in Salt Lake City, Washington, and London.

 

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Industry acquisitions hot up
Industry acquisitions hot up

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