Entrust
Datacard, a leading provider of trusted identity and secure issuance
technology solutions, completed its previously-announced acquisition of nCipher
Security, formerly Thales’s market-leading general purpose hardware
security module (HSM) business.
The general purpose HSM market is growing quickly, driven by global
demand for stronger data and application security, increased encryption,
and privacy regulations such as the EU General Data Protection
Regulation (GDPR) and the electronic identification, authentication and
trust services (eIDAS) regulation. HSMs offer the highest levels of
cryptographic security, and are deployed to minimize network and
cybersecurity risks from cloud services, Internet of Things (IoT)
devices and other digital initiatives.
“We are extremely pleased to complete this acquisition and bring
nCipher’s exceptional talent and technology into the Entrust Datacard
portfolio. The need for secure network access and data integrity
continues to multiply – from mobile devices and cloud services to
connected IoT devices and digital payments. The use of HSMs is expanding
across all of these domains. With nCipher now part of our solution
portfolio, customers will see benefit from our expanded offerings for
the most sensitive, high assurance use cases,” said Todd Wilkinson,
president and CEO of Entrust Datacard.
General purpose HSMs are a core component of Entrust Datacard’s
solutions and are an underlying part of the security infrastructure of
the company’s public key infrastructure (PKI) and secure sockets layer
(SSL) offerings. Entrust Datacard will offer the nCipher solution with
its on-premise and managed PKI offerings, and its IoT device
credentialing, authorization and lifecycle management offerings. By
joining Entrust Datacard, nCipher will be able to expand its compliance
capabilities from trusted hardware to include trusted identities, and
grow its cloud capabilities to offer customers more advanced solutions
from Entrust Datacard’s secure hosting facilities.
“nCipher is excited to join the talented Entrust Datacard team. This
acquisition quickly expands the global footprint for nCipher solutions
and accelerates our strategy for ‘as-a-service’ offerings,” said Cindy
Provin, CEO of nCipher Security. “HSMs provide a foundation of trust for
business applications such as PKI, blockchain, mobile payments and code
signing. As a single company, Entrust Datacard is positioned to
effectively secure our customers’ sensitive information and business
critical applications as they implement new digital initiatives.”
More than 300 nCipher employees are now part of the Entrust Datacard
team. The nCipher Security business will continue to be based in
Sunrise, Fla., with a cybersecurity development center in Cambridge, UK
and a sales support center in Hong Kong. Additional terms of the
acquisition are undisclosed.
For more information about the Entrust Datacard acquisition of nCipher
Security, visit: www.entrustdatacard.com/pages/ncipher-acquisition.
About nCipher Security
Today’s fast-moving digital environment enhances customer satisfaction,
gives competitive advantage and improves operational efficiency. It also
multiplies the security risks.
nCipher Security, a leader in the general purpose hardware security
module (HSM) market, empowers world-leading organizations by delivering
trust, integrity and control to their business critical information and
applications.
Our cryptographic solutions secure emerging technologies – cloud, IoT,
blockchain, digital payments – and help meet new compliance mandates,
using the same proven technology that global organizations depend on
today to protect against threats to their sensitive data, network
communications and enterprise infrastructure. We deliver trust for your
business critical applications, ensuring the integrity of your data and
putting you in complete control – today, tomorrow, at all times. For
more information, visit www.ncipher.com.
About Entrust Datacard Corporation
Consumers, citizens and employees increasingly expect anywhere-anytime
experiences — whether they are making purchases, crossing borders,
accessing e-gov services or logging onto corporate networks. Celebrating
50 years in 2019, Entrust Datacard offers the trusted identity and
secure transaction technologies that make those experiences reliable and
secure. Solutions range from the physical world of financial cards,
passports and ID cards to the digital realm of authentication,
certificates and secure communications. With more than 2,200 Entrust
Datacard colleagues around the world, and a network of strong global
partners, the company serves customers in 150 countries worldwide. For
more information, visit www.entrustdatacard.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190606005937/en/