Keyfactor has acquired fellow digital identity solution builder Redtrust for an undisclosed amount.
Through this acquisition, Redtrust’s centralised certificate lifecycle management services will bolster Keyfactor’s end-to-end secure identity and code signing platform.
Spain-based Redtrust was founded in 2009 and gives corporates tools to simplify the management and control of their digital certificates. Clients can assign credentials, implement certificate usage policies, prevent certificates being exported, revoke certificate access, and monitor all users and interactions.
Founded in 2001, Keyfactor has two products designed to automate the real-time discovery, monitoring, issuing and replacement of digital certificates.
The Keyfactor Command solution is a certificate management solution which empowers firms to secure all identities across their business. Its Keyfactor Control solution is an end-to-end secure identity platform for IoT connected devices.
Its digital identity management tools help a financial organisation to control their certificates and PKI recovery materials, and ensure necessary compliance is met and maintained.
Keyfactor CEO Jordan Rackie said, “Like Keyfactor, Redtrust is fiercely committed to offering best-in-class identity management innovation to customers in industries where trust and reputation are a top priority.
“This acquisition supports Keyfactor’s scale and global expansion efforts. We’re now able to address a broader number of use cases for our customers and appeal to a wider market, from the Global 2000 to small and midmarket businesses in North America and Europe.”
Keyfactor’s acquisition comes just months after it closed a $77m growth equity round from Insight Partners. The RegTech company raised the funds to accelerate its market expansion plans and capitalise on its growth which has seen its revenue double year-on-year.
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