Entrust Datacard, a provider of identity and secure issuance technology, has acquired the nCipher Security division of Thales.
nCipher Security has been operating as a stand-alone business within electrical systems developer Thales since the beginning of the year. Thales has chosen to divest its nCipher Security business in harmony with the regulatory clearances needed for Thales’ impending acquisition of Gemalto. The sale is needed to ensure strong competition within the HSM market.
Through this acquisition, Entrust Datacard will be able to provide customers with enhanced assurance solutions and bolster is support for GDPR, electronic identification, authentication and trust services.
Entrust creates trusted identity and secure transaction technologies to support online purchases, crossing borders and digital logins. The company has solutions for cloud-based multi-factor authentication, mobile identity, two-factor authentication, and digital DNAs.
Financial services utilise the platform to support their card issuances, transaction security, PSD2 compliance and customer authentication.
Entrust Datacard president and CEO Todd Wilkinson said, “This acquisition is an excellent complement to our expertise in both cryptography and hardware and will extend our ability to meet the evolving security needs of our customers globally while allowing us to accelerate our own growth.
“The Thales General Purpose HSM solution, known as nCipher, has a strong market position based on a wide range of use cases, brings with it an exceptional talent and offers us the ability to develop even more comprehensive solutions for our clients.”
nCipher is a digital cryptographic security platform which helps companies to protect their sensitive data from cyber threats.
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