HID Global, an Austin, TX-based provider of trusted identity solutions, acquired HydrantID, a Salt Lake City, Utah-based provider of management and automation services to secure enterprise organizations’ data, IT systems, networks, and the Internet of Things (IoT).
The amount of the deal was not disclosed.
With the acquisition, HydrantID will complement HID’s IdenTrust business, joining HID IdenTrust, under HID’s Identity and Access Management business led by Brad Jarvis, Vice President and Managing Director.
The combination of HydrantID and HID IdenTrust certificate authority services will strengthen HID’s Identity and Access Management solution. The joint solution portfolio will allow customers to deploy scalable certificate-based authentication and encryption for protection of complex enterprise data and IoT devices.
HydrantID provides PKI-as-a-service solutions that address the critical security needs of networks and IoT systems for enterprise, government, financial and other information security-conscious customers to secure IoT systems, enterprise networks, publicly trusted SSL website certificates and client certificates for ecommerce.
The company has issued over three million PKI credentials and secured over 125,000 domains.
Led by Stefan Widing, President and CEO, HID Global provides identity solutions that give people access to physical and digital places and connect things that can be identified, verified and tracked digitally. The company works with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet.
HID Global has over 3,000 employees worldwide and operates international offices that support more than 100 countries.
FinSMEs
12/09/2019