Announced
Completed
Financials
Tags
identity verification
artificial intelligence
Digital Services
United Kingdom
Acquisition
Cross Border
Majority
Private
Friendly
Single Bidder
Completed
Synopsis
Entrust, a software company, completed the acquisition of Onfido, a cloud-based, AI-powered identity verification technology provider. Financial terms were not disclosed. “This acquisition comes at an inflection point in the industry. With the acquisition of Onfido, our customers can leverage global-leading identity verification technology to meet the new challenges of cybersecurity in the age of AI. Identity-centric security is the starting point for Zero Trust frameworks and ensures a company’s cyber defense is best positioned to meet today’s threats. Entrust now provides the broadest identity-centric security capabilities in the market, which combine with strong encryption technologies to enable the evolution to Zero Trust,” Todd Wilkinson, Entrust President and CEO.
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