HID Global Acquires IdenTrust To Expand Its Leadership Position In Secure Identity Solutions
AUSTIN, January 22, 2014 – HID Global, a worldwide leader in secure identity solutions, today announced it has acquired IdenTrust, Inc. (IdenTrust), a leading 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. The acquisition significantly expands HID Global’s ability to provide some of the most secure identity solutions to governments, corporations, and financial institutions around the world.
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, and it provides identity management solutions for over twenty of the world’s largest financial institutions. In the United Kingdom, IdenTrust digital certificates secure more than six billion payment transactions annually, with an aggregate value exceeding $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,” said Denis Hbert, 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,” said 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.”
Headquartered in San Francisco, IdenTrust has its operations center in Salt Lake City, Utah, as well as sales offices in Washington D.C. and London, England.
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About HID Global
HID Global is the trusted source for innovative products, services, solutions, and know-how related to the creation, use, and management of secure identities for millions of customers around the world. The company’s served markets include physical and logical access control, including strong authentication and credential management; card printing and personalization; visitor management systems; highly secure government and citizen ID; and identification RFID technologies used in animal ID and industry and logistics applications. The company’s primary brands include ActivID, EasyLobby, FARGO, Codebench, LaserCard and HID. Headquartered in Austin, Texas, HID Global has over 2,100 employees worldwide and operates international offices that support more than 100 countries. HID Global is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
About IdenTrust, Inc.
IdenTrusttrade (identrust.com) is a leader in trusted identity solutions recognized by financial institutions, government agencies and businesses around the world. The only bank-developed identity authentication system, IdenTrust provides a legally and technologically interoperable environment for authenticating and using identities in more than 175 countries. IdenTrust enables end-users to have a single identity that can be used with any bank, any application, and across any network. IdenTrust identities are globally interoperable under uniform private contracts.