Entrust

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Entrust, Corp.
FormerlyEntrust Datacard
TypePrivate
IndustryDigital Security and Credential Issuance
Founded1994 (1994)
HeadquartersShakopee, MN,
United States
Area served
Worldwide
ProductsDigital Certificates, Digital Signing, Public Key Infrastructure (PKI), Cryptographic Center of Excellence, Internet of Things (IoT) Security, Mobile Device Management BYOD, Identity and Access Management (IAM), Hardware Security Modules (HSMs), Cloud Security, Encryption, Key Management, Financial Card Issuance Systems, Government Card Issuance Systems, Instant Financial and ID Card Systems, Issuance Software
ServicesSecuring identities, payments, access, and data
Revenue4,115,174 United States dollar (2017) Edit this on Wikidata
Number of employees
2,500
Websitewww.entrust.com

Entrust Corp., formerly Entrust Datacard, provides financial institutions, national governments, corporate enterprises and other organizations with technologies to establish trusted identities and conduct highly secure transactions. Examples of the company's diverse offerings include software and hardware used to issue financial cards, produce e-passports; authenticate users looking to access secure networks or conduct financial transactions; provide trusted certificates for websites, mobile credentials, and connected devices; and hardware security modules and software for secure encryption and key management solutions. The privately-held company is based in Shakopee, Minnesota and employs more than 2,500 people globally.

History[edit]

Bill (F. William) Conner, Former President and CEO of Entrust, speaking on global cybersecurity before the INTERPOL 79th General Assembly in Doha, Qatar, November 2010.
An Entrust sponsored Porsche 997 GT3 Cup.

Originally, Entrust Inc. was a spin-off from Nortel's Secure Networks division, Entrust provided identity management security software and services in the areas of public key infrastructure (PKI), multifactor authentication, Secure Sockets Layer (SSL) certificates, fraud detection, digital certificates and mobile authentication. Entrust was headquartered in the Dallas-Fort Worth Metroplex and had approximately 350 employees. It also had offices in Ottawa, London, Tokyo, Washington, D.C. and other cities internationally.[1] Entrust originally entered the public SSL market by chaining to the Thawte Root in 1999 creating Entrust.net.[2]

In 1994, Entrust built and sold the first commercially available PKI.[citation needed]

In May 2000 Entrust acquired enCommerce, a provider of authentication and authorization technologies.[3]

In April 2002, Entrust's PKI technology served as the foundation for the prototype of what is now the United States Federal Bridge Certification Authority (FBCA). The Federal Bridge certificate authority is a fundamental element of the trust infrastructure that provides the basis for intergovernmental and cross-governmental secure communications. Entrust's PKI is interoperable with all major FBCA vendors.[4]

In mid-2004, Entrust acquired AmikaNow! Corporation's content scanning, analysis and compliance technology.[5] The technology is designed to automatically analyze and categorize email message and document content based on the contextual meaning, rather than pre-defined word lists. Policies can be customized to suit the corporate environment and be automatically enforced at the boundary, and are aimed at compliance with privacy and securities laws including HIPAA, Gramm-Leach-Bliley Act, Personal Information Protection and Electronic Documents Act and various U.S. Securities and Exchange Commission (SEC) regulations.

Entrust acquired Orion Security Solutions, a supplier of public key infrastructure services, in June 2006.[6]

In July 2006, Entrust acquired Business Signatures Corporation,[7] a supplier of non-invasive fraud detection solutions[buzzword], for $50 million (USD). From a GAAP accounting perspective, the total purchase price was approximately $55.0 million, including assumed stock options, transaction expenses and net asset value. Business Signatures was founded in 2001 in Redwood City, California by former executives from Oracle, HP and Cisco. It originally was funded by the Texas Pacific Group, Walden International, Ram Shriram of Google and Dave Roux of Silver Lake Partners. The company had about 40 employees before the acquisition.

Prior to it becoming a private-equity company, Entrust was included on the Russell 3000 Index in July 2008.[8] In July 2007, Entrust contributed PKI technology to the open-source community through Sun Microsystems, Inc. and the Mozilla Foundation. Specifically, Entrust supplied certificate revocation list distribution points (CRL-DP), Patent 5,699,431, to Sun under a royalty-free license for incorporation of that capability into the Mozilla open-source libraries.[9]

In September 2008, Entrust participated in the ePassports EAC Conformity & Interoperability Tests in Prague, Czech Republic.[10] Facilitated by a consortium of the European Commission, Brussels Interoperability Group (BIG) and the European Commission Joint Research Centre, the Prague tests allowed European countries to verify conformance of their second-generation ePassports containing fingerprint biometric data protected by Extended Access Control functions, commonly referred to as EAC. Additional testing included verification of crossover interoperability between EAC inspection systems and ePassports from different countries.

In July 2009, Entrust was acquired by Thoma Bravo, a U.S.-based private equity firm, for $124 million.[11]

In December 2013, Datacard Group announced the acquisition of Entrust Inc. and subsequently rebranded as Entrust Datacard.[12]

In 2020, Entrust Datacard was rebranded as Entrust Corp., recognizing the company's emphasis on secure identity, payments and data protection.[13][14] Today, the company offers a wide variety of digital security and credential issuance solutions like crossing borders, making purchases, accessing e-government services or logging into corporate networks. The organization has expanded its offerings through a series of acquisitions, including hardware security module vendor nCipher (June 2019); HyTrust (January 2021), a provider of solutions to manage data security, current IT environments and emerging cloud infrastructures; and WorldReach Software (April 2021), which creates seamless traveler experiences through digital transformation of the ID process for immigration and border management.[15][16] [17]

Company Leadership[edit]

  • Todd Wilkinson has served as Datacard Group (and now Entrust) president and CEO since June 2008. Previously, he had been the company's CFO for nearly three years and had worked in a number of executive positions at General Electric.[18] Kurt Ishaug is the company's CFO and Lisa Tibbits is general counsel.[19]

References[edit]

  1. ^ "Entrust global office locations, from". Entrust.com. Archived from the original on 2013-01-15. Retrieved 2013-01-21. CS1 maint: discouraged parameter (link)
  2. ^ "InfoWorld". 27 December 1999 – 3 January 2000.
  3. ^ Roundup, An Interactive Journal News (2000-04-18). "Entrust to Acquire enCommerce In Deal Valued at $586 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-04-21.
  4. ^ Jackson, By William; May 15, 2002. "Federal bridge opens to two-way traffic -". GCN. Retrieved 2021-04-21.CS1 maint: numeric names: authors list (link)
  5. ^ ""Entrust buys up AmikaNow!," Ottawa Business Journal, May 19, 2004". Canadait.com. 2013-01-15. Archived from the original on 2012-02-15. Retrieved 2013-01-21. CS1 maint: discouraged parameter (link)
  6. ^ Welsh, William (2006-06-15). ""Entrust buys Orion Security Solutions," Washington Technology, June 15, 2006". Washingtontechnology.com. Archived from the original on 2013-02-09. Retrieved 2013-01-21. CS1 maint: discouraged parameter (link)
  7. ^ Ellen Messmer (2006-07-20). ""Entrust acquires Business Signatures for $50M," Computer World, July 20, 2006". Computerworld.com. Archived from the original on 2009-03-29. Retrieved 2013-01-21. CS1 maint: discouraged parameter (link)
  8. ^ ""Entrust added to Russell 3000 Index," Dallas Business Journal, July 3, 2008". Bizjournals.com. 2008-07-03. Retrieved 2013-01-21. CS1 maint: discouraged parameter (link)
  9. ^ ""Entrust offers certificate technology to Mozilla," ComputerWorld Canada, July 25, 2007". Itworldcanada.com. Retrieved 2013-01-21. CS1 maint: discouraged parameter (link)
  10. ^ "Programme". E-passports 2008. Archived from the original on 2013-04-17. Retrieved 2013-01-21. CS1 maint: discouraged parameter (link)
  11. ^ Bravo, Thoma. "Thoma Bravo Completes $124M Acquisition Of Entrust". www.thomabravo.com. Retrieved 2021-04-21.
  12. ^ "Datacard Group Announces Agreement to Acquire Entrust Inc. to Strengthen Trusted Identities and Transaction Security". www.businesswire.com. 2013-12-17. Retrieved 2021-04-21.
  13. ^ "As Digital Transformation Accelerates, Entrust Datacard Becomes "Entrust"". www.businesswire.com. 2020-09-14. Retrieved 2021-04-21.
  14. ^ "Shakopee-based Entrust rebrands to emphasize its growing data security business". Star Tribune. September 14, 2020. Retrieved 2021-01-19.
  15. ^ "Entrust Datacard completes purchase of market-leading general purpose hardware security business, nCipher Security, from Thales". www.helpnetsecurity.com. Retrieved 2021-04-20.
  16. ^ "Entrust Acquires HyTrust, Expanding Encryption, Key Management and Security Posture Management for Virtualized and Multi-Cloud Environments". www.businesswire.com. 2021-01-14. Retrieved 2021-04-20.
  17. ^ "ID verification powerhouse Entrust acquires Ottawa-based WorldReach". Ottawa Business Journal. Retrieved 2021-04-20.
  18. ^ Wyant, Carissa (2008-06-28). "Datacard names new CEO". Retrieved 2015-03-01.
  19. ^ "Entrust Leadership". www.entrust.com. Retrieved 2021-04-21.