Datacard Group finalizes acquisition of Entrust, Inc.
Datacard Group has announced that it has successfully purchased Entrust, 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, and leverage 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.”