I’m delighted to announce that Entrust Datacard has signed an agreement to acquire nCipher Security, Thales’s General Purpose Hardware Security Module (GP HSM) business. nCipher has been operating as a separate stand-alone business within Thales since January 2019 and is being divested by Thales in order to ensure a strong competitive market for GP HSM solutions and to finalize the acquisition of Gemalto.
Entrust Datacard offers the trusted identity and secure transaction technologies that make anytime, anywhere experiences for consumers, citizens and employees both reliable and secure. Its solutions range from the physical world of financial cards, passports and ID cards to the digital realm of authentication, certificates and secure communications.
By combining with Entrust Datacard, nCipher will be better able to accelerate innovation for customers – customers embarking on initiatives related to mobility, cloud and the IoT who need to grow their business while simultaneously protecting their data and managing ever-growing cyber risks.
Having partnered with Entrust Datacard for many years there is a powerful synergy between our solutions with many joint customers relying on nCipher nShield HSMs to provide a root of trust for their critical business applications. Jointly we are in a unique position to provide trusted security and identity solutions and services in digital payments, card issuance, public key infrastructure (PKI) and the internet of things.
I very much welcome the opportunity to join Entrust Datacard, a move that will ensure nCipher continues to be a market leader in the general purpose HSM space as well as expand its innovation, bringing additional trusted services and solutions to our customers
Please refer to the formal announcement: Entrust Datacard to Acquire Market-Leading General Purpose Hardware Security Module Business from Thales. Subject to the satisfaction of customary closing conditions, the deal is expected to close during the second quarter of 2019.
Cindy Provin, Chief Executive Officer, nCipher Security