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New Deal


Announced

Completed

Entrust completed the acquisition of WorldReach.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Acquisition

Canada

software development

Majority

Cross Border

Completed

Private

Single Bidder

Friendly

Synopsis

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Entrust, a provider of trusted identity, payments and data protection, completed the acquisition of WorldReach, a Canadian company that helps governments and travel service providers create seamless traveler experiences through the digital transformation of the trusted identification process for immigration and border management programs. Financial terms were not disclosed. "The ability to verify identity and manage trusted access digitally is the key to transforming travel and citizen services around world. WorldReach is a great fit for Entrust, with deep experience in identity verification and digital onboarding solutions implemented at scale for governments and global travel providers. With the WorldReach acquisition, Entrust can help these organizations reshape government and travel service experiences around secure digital identities," Todd Wilkinson, Entrust CEO.

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