(BUSINESS WIRE)-- 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.
Contacts
Michelle Morgan-Nelsen
Entrust Datacard, Public Relations
+1 952 988 1796
michelle.morgan-nelsen@entrustdatacard.com
Liz Harris
nCipher Security, Corporate Communications
+44 7973 903648
Liz.Harris@ncipher.com
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