Austin-based HID Global acquires Calif. security firm

Jan 22, 2014
Austin American Statesman

Austin-based technology company HID Global said Wednesday that it has acquired IdenTrust Inc., a California-based company that makes digital identity products


HID Global designs and produces a range of security and identity-authentication technologies, and company officials said the acquisition of IdenTrust will expand offerings in the secure identity solutions market. San Francisco-based Identrust is a major provider of SSL certificates for secure web sites and other enterprise apps


It is also the largest supplier of digital identities for the Department of Defense’s External Certification Authority program and the General Services Administration’s Access Certificates for Electronic Services program


IdenTrust, which has about 60 employees, will continue to operate as a separate company. IdenTrust is expected to have about $14 million in revenue in 2014, according to a news release


HID Global announced in late 2012 that it would build its North American operations center in Austin. The city and state offered an estimated $3.5 million in potential tax incentives as part of the deal


HID Global officially opened that operations center this month, and announced that the company’s corporate headquarters were also moving from California to the Austin operations center


Company officials said they expect the operations to be fully operational by the third quarter of 2015. The $35 million facility includes 250,000 square feet of manufacturing, office and warehouse space


HID Global has about 2,100 employees worldwide and operates international offices that support more than 100 countries. HID Global is a subsidiary of Assa Abloy, a Swedish supplier and manufacturer of locks


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