Entrust

Entrust Inc., was a $130 million privately-owned software company with 350 employees. Originally a spin-off from Nortel's Secure Networks division,[1] it provides identity management [2] security software and services in the areas of public key infrastructure (PKI), multifactor authentication, Secure Socket Layer (SSL) certificates, fraud detection, digital certificates and mobile authentication.[3] Prior to being acquired by Datacard, Entrust was headquartered in the Dallas-Fort Worth Metroplex. It also had offices in Ottawa, London, Tokyo, Washington, D.C. and other cities internationally.[4] Entrust originally entered the public SSL market by chaining to the Thawte Root in 1999 creating Entrust.net [5]

For the consumer electrical trust in Auckland, New Zealand, see Entrust (community trust).
Entrust, Inc.
TypePrivate
IndustryOnline information and identity protection
FateMerged to Entrust Datacard in 2013
Founded1994 (1994)
Headquarters
Dallas, Texas
,
United States
Number of locations
15
ServicesPublic key infrastructure, Secure Socket Layer certificates, multifactor authentication, EPassport, fraud detection, digital certificates and mobile authentication
Revenue4,115,174 United States dollar (2017) 
OwnerDatacard Group
Number of employees
350
DivisionsCygnaCom Solutions
Websitewww.entrust.com

Entrust reports having customers at public and private organizations in 60 countries, with 125 patents either granted or pending in the areas of authentication, physical/logical access, certificates, e-content delivery and citizen identities.[6]

Previously, Entrust was publicly traded company, in July 2009 the company was acquired by Thoma Bravo, a U.S.-based private equity firm, for $124 million.[7]

In December 2013, Datacard Group announced the acquisition of Entrust Inc. and subsequently rebranded as Entrust Datacard.[8] In 2020, Entrust Datacard was rebranded as Entrust Corp., recognizing the company's emphasis on secure identity, payments and data protection.[9]

History
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.

Datacard Group finalized the acquisition of Entrust in December 2013 from private equity firm Thoma Bravo. Chertoff Capital, a wholly owned subsidiary of The Chertoff Group, and Centerview Partners acted as financial advisors to Entrust.

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.

Prior to it becoming a private-equity company Entrust was included on the Russell 3000 Index in July 2008.[11] 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.[12]

In July 2006, Entrust acquired Business Signatures Corporation,[13] a supplier of non-invasive fraud detection solutions, 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.

Entrust acquired Orion Security Solutions, a supplier of public key infrastructure services, in June 2006.[14] In mid-2004, Entrust acquired AmikaNow! Corporation's content scanning, analysis and compliance technology.[15] 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.

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.[16]

In May 2000 Entrust acquired enCommerce, a provider of authentication and authorization technologies. In 1994, Entrust built and sold the first commercially available PKI.[17]

Company Leadership
  • 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
  1. "Nortel spins off Entrust security arm". V3.co.uk. 1997-01-03.
  2. Acohido, Byron (2013-08-28). "ID security CEO: 'NYT' hackers did their homework". USA Today.
  3. Entrust Profile, Hoovers, Inc. (subscription required)
  4. "Entrust global office locations, from". Entrust.com. Archived from the original on 2013-01-15. Retrieved 2013-01-21.
  5. "InfoWorld". 27 December 1999 – 3 January 2000.
  6. "Entrust service areas and customer statistics, from". Entrust.com. Archived from the original on 2013-01-15. Retrieved 2013-01-21.
  7. ""Thoma Bravo Completes Entrust Acquisition," Joint News Release, July 29, 2009". Entrust.com. 2009-07-29. Retrieved 2013-01-21.
  8. "Datacard Group Announces Agreement to Acquire Entrust Inc. to Strengthen Trusted Identities and Transaction Security".
  9. "Shakopee-based Entrust rebrands to emphasize its growing data security business". Star Tribune. Retrieved 2021-01-19.
  10. "Programme". E-passports 2008. Archived from the original on 2013-04-17. Retrieved 2013-01-21.
  11. ""Entrust added to Russell 3000 Index," Dallas Business Journal, July 3, 2008". Bizjournals.com. 2008-07-03. Retrieved 2013-01-21.
  12. ""Entrust offers certificate technology to Mozilla," ComputerWorld Canada, July 25, 2007". Itworldcanada.com. Retrieved 2013-01-21.
  13. 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.
  14. 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.
  15. ""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.
  16. https://gcn.com/articles/2002/05/15/federal-bridge-opens-to-twoway-traffic.aspx
  17. https://www.wsj.com/articles/SB956091675162528353
  18. Wyant, Carissa (June 26, 2008). "Datacard names new CEO". Retrieved March 2015. Check date values in: |access-date= (help)
  19. "Entrust Datacard Leadership". Nov 2014. Retrieved Mar 2015. Check date values in: |access-date= (help)
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