AUSTIN, TX – Jan. 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 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,” 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.
About Parallax Capital Partners
Parallax Capital Partners, LLC (parallaxcap.com), is a private equity firm focused on acquiring and operating application software and related services companies. Since 1999, Parallax has acquired over 20 companies. Parallax’s previous and current portfolio companies generate over $1.5 billion of annual revenues and have provided significant returns for its investors, partners and employees. Parallax has built an exceptional track record of transitioning divisions, subsidiaries and product lines into successful stand-alone entities.