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.