Datacard Group, a provider of secure identification and card personalisation solutions, has acquired Entrust, a provider of secure digital identities and information and a Thoma Bravo LLC portfolio company.
The acquisition builds on the strengths of each company to enable its customers and partners to deliver better services in highly connected environments.
“We are pleased to announce the proposed combination of two market pioneers with one ambitious goal – helping our customers and partners reduce complexity while strengthening trust,” said Todd Wilkinson, president and CEO of Datacard Group. “Connectivity is redefining physical and digital boundaries. For our customers and partners, this means opportunity, but also significant complexity. For years the paths of our companies have intertwined as we served customers – often the same financial and government customers – from different points within the technology spectrum. Those paths now converge to bring powerful new innovations in secure identity to enable trust while reducing complexity in deployment, management, and use.”
“Entrust is firmly established as a leader in identity-based security. We take this position very seriously, and because of that it was important that we find the right partner,” said Bill Conner, president and CEO of Entrust. “As a result of our deliberate shift to a SaaS-based business model, a significant portion of Entrust’s revenue is recurring, positioning it well for growth. I’m confident both Entrust and Datacard customers will realize value from our companies’ combined expertise. Simply put – this is a win-win scenario.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.