AP NEWS

Entrust Datacard Makes Strategic Investment in UK-Based CensorNet and Acquires its Multi-Factor Authentication Technology Solution

July 31, 2018

MINNEAPOLIS--(BUSINESS WIRE)--Jul 31, 2018--Entrust Datacard, a leading provider of trusted identity and secure transaction technology solutions, today announced that it has made a strategic investment in CensorNet, the complete cloud security company, to propel Entrust Datacard toward achieving real-time threat awareness with enhanced pattern analysis for continuous authentication capabilities. Entrust Datacard has also acquired Copenhagen-based SMS Passcode, CensorNet’s adaptive multi-factor authentication technology solution. The strategic acquisition of the SMS Passcode technology and the investment in CensorNet’s USS platform further establishes Entrust Datacard as an innovative authentication solution provider and allows the company to further expand its global footprint throughout DACH/Benelux and The Nordics.

CensorNet’s USS platform, which includes a cloud access security broker (CASB), multi-factor authentication, and web and email security, will bolster new offerings for Entrust Datacard across authentication, PKI and SSL. Additionally, the collaboration will enhance the Entrust Datacard intelligent Authentication Insight Engine by accelerating its behavior and pattern capabilities for more real-time, intelligent decision-making, improving security and the user experience for the next generation of threats and compliance needs.

“Identity-centric data analysis is in CensorNet’s DNA, and identity assurance capabilities in ours,” said Todd Wilkinson, president and CEO for Entrust Datacard. “This new relationship and investment in CensorNet presents opportunities for collaboration to enhance both companies’ offerings and re-shape the market together.”

For greater collaboration between the companies, Entrust Datacard CEO Todd Wilkinson will join CensorNet’s board of directors and the SMS Passcode team will integrate with the larger Entrust Datacard authentication team.

In a quickly-changing IT and threat landscape, the need for a more seamless, frictionless and secure customer experience has never been greater. The acquisition of SMS Passcode will allow Entrust Datacard to better serve customers by integrating the solution’s technology with its IntelliTrust ™ SaaS authentication solution, expanding USS capabilities to Entrust Datacard customers while adding advanced mobile and cloud capabilities to SMS Passcode customers.

“CensorNet and Entrust Datacard have a shared vision for real-time identity centric security that can be achieved faster and with greater impact together rather than separately,” said Ed Macnair, CEO for CensorNet. “The acquisition of SMS Passcode will benefit the broader IAM market as well as SMS Passcode customers, and this new relationship will continue serving customers as Entrust Datacard builds upon existing partnerships and enhances our USS offering.”

Entrust Datacard has a long history of innovating and expanding both geographically and technologically to provide solutions that reflect changing market conditions. Continuing this approach, the SMS Passcode acquisition and investment in CensorNet’s USS platform represents a significant step toward both a holistic security approach and global presence for the organization. At a time when other security players are going through large, complex mergers or acquiring and shelving smaller innovators, Entrust Datacard is building strong partnerships through targeted investments and acquisitions.

“SMS Passcode is an established multi-factor authentication (MFA) leader in DACH/Benelux and The Nordics, making it a natural fit for our acquisition strategy,” said Wilkinson. “The MFA technology, as well as the USS platform, will be strong complements to the Entrust Datacard portfolio of solutions.”

The acquisition was signed and finalized on June 30, 2018. Terms of the acquisition are undisclosed.

For more information about Entrust Datacard’s authentication solutions, visit: https://www.entrustdatacard.com/products/categories/authentication.

About Entrust Datacard Corporation

Consumers, citizens and employees increasingly expect anywhere-anytime experiences — whether they are making purchases, crossing borders, accessing e-gov services or logging onto corporate networks. Entrust Datacard offers the trusted identity and secure transaction technologies that make those experiences reliable and secure. Solutions range from the physical world of financial cards, passports and ID cards to the digital realm of authentication, certificates and secure communications. With more than 2,200 Entrust Datacard colleagues around the world, and a network of strong global partners, the company serves customers in 150 countries worldwide. For more information, visit www.entrustdatacard.com.

About CensorNet

CensorNet, the complete cloud security company, helps organizations to effectively manage and control the use of cloud applications in their business. The company provides a unified and multi-layered approach to securing the cloud via its purpose built, multi-functional cloud security platform that delivers integrated web security, email security, CASB and adaptive multi-factor authentication. This provides organizations with security-focused visibility and control over user access, data and assets to allow access while controlling outcomes and allows organizations to address the security, audit, compliance and productivity issues associated with the use of cloud applications and devices. CensorNet enables organizations to control Shadow IT, safely implement BYOD initiatives and protect from cyber threats. With more than 4000 customers and over 1.3 million users worldwide, the company is headquartered in Basingstoke, UK and has further offices in Austin, US; Copenhagen, Denmark and Munich, Germany. For more information, visit  www.censornet.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20180730005792/en/

CONTACT: Entrust Datacard Contact:

Heather Morris, +1 952.988.1745

Director, Global Communications

heather.morris@entrustdatacard.com

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA DENMARK MINNESOTA

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS SOFTWARE OTHER TECHNOLOGY SECURITY MOBILE/WIRELESS

SOURCE: Entrust Datacard

Copyright Business Wire 2018.

PUB: 07/31/2018 02:00 AM/DISC: 07/31/2018 02:01 AM

http://www.businesswire.com/news/home/20180730005792/en

AP RADIO
Update hourly