|[January 13, 2014]
Datacard Group Finalizes Acquisition of Entrust, Inc.
MINNEAPOLIS --(Business Wire)--
Datacard Group, the world leader in secure ID and card personalization
solutions, today announced that is has successfully purchased Entrust (News - Alert),
Inc., a leader in securing digital identities and information. The
closing of the deal was finalized on December 31, 2013, and comes after
the passing of regulatory approval procedures.
Entrust is headquartered in Dallas, Texas and also operates a large
facility in Ottawa, Canada. They will continue to operate from those
facilities and together, with Datacard Group, the two companies will
employ nearly 2,000 professionals, and leverage hundreds of channel
partners to serve tens of thousands of customers across the globe.
For years, the paths of the two companies have intertwined-often with
the same financial and government customers-from different points within
the technology spectrum. To date Datacard Group's core competencies have
been in issuance and personalization and Entrust's core competencies
have been to secure communications and digital identities. By bringing
the two companies together they intend to help further unify
identification-security technologies, andleverage complementary
competencies to strengthen identity and transaction security across
digital, physical, mobile and cloud domains.
"We are thrilled to officially welcome the customers, partners and
colleagues of Entrust to be part of Datacard Group," said Todd
Wilkinson, president and CEO of Datacard Group. "The official closing of
this acquisition moves us significantly toward our goal of delivering
powerful technology advancements and new innovations in identity-based
security solutions. The timing of this acquisition is perfect for the
market as we have seen a heightened awareness around cyber security, and
we will continue to accelerate our investments in all areas of the
combined business to deliver innovative, world-class technologies that
protect physical and digital identities."
A recognized provider of identity-based security solutions, Entrust
secures governments, enterprises and financial institutions in more than
5,000 organizations spanning 85 countries. Entrust's award-winning
software authentication platforms manage today's most secure identity
credentials, addressing customer pain points for cloud and mobile
security, physical and logical access, citizen eID initiatives,
certificate management and SSL.
About Datacard Group
Datacard Group empowers financial institutions, government agencies and
other enterprises in more than 150 countries to securely issue and
personalize financial cards, passports, national IDs, employee badges,
mobile payment applications and other credentials. Our flexible
solutions enable Secure Issuance Anywhere™, which helps both public and
private enterprises succeed in a global, digital and increasingly
connected marketplace. Datacard is the world's best-selling brand of
secure issuance solutions. For more information, visit http://www.datacardentrust.com/.
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