AUSTIN, Texas — HID Global has acquired IdenTrust, a provider of digital authentication solutions such as advanced cryptology systems, used by global financial institutions, government agencies and corporations. Terms of the deal were not disclosed.
IdenTrust is the largest supplier 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. In the United Kingdom, IdenTrust digital certificates secure more than six billion payment transactions annually, with an aggregate value exceeding $7 trillion, according to a press release.
“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, an ASSA ABLOY company.
The deal, which was long in the making due to regulatory requirements, is very positive for IdenTrust, its customers, other shareholders and employees, according to Karen 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,” she says. “The combined solution offering is unmatched in the industry.”
Headquartered in San Francisco, IdenTrust has its operations center in Salt Lake City, as well as sales offices in Washington D.C. and London.