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Entrust completes acquisition of Onfido to provide comprehensive AI-powered security solutions

RECENTLY ACQUIREDApr 09, 2024

Acquiring Company

ENTRUST

Acquired Company

Onfido

MinneapolisTorontoInformation TechnologySecurityCyber SecurityNetwork SecurityInformation Technology

Description

Entrust, a global leader in trusted payments, identities, and data security, has completed its acquisition of Onfido, a global leader in identity verification. This acquisition enables Entrust to enhance its portfolio by providing the industry's most comprehensive AI-powered, identity-centric security solutions.

Quick answer

ENTRUST is acquiring Onfido, announced April 9, 2024. ENTRUST is based in Minneapolis, Minnesota, United States.

How much did ENTRUST pay for Onfido?
The deal value was not disclosed.
What does ENTRUST do?
ENTRUST is a company focused on providing secure identity and credential issuance solutions.
Where are ENTRUST and Onfido based?
ENTRUST is based in Minneapolis, Minnesota, United States. Onfido is based in Toronto, Ontario, Canada.
Who are the decision-makers at ENTRUST?
Fundz holds 2 contacts at ENTRUST. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Security and Cyber Security

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Company Information

Company

ENTRUST

Location

Minneapolis, Minnesota, United States

About

ENTRUST is a company focused on providing secure identity and credential issuance solutions. It specializes in technologies that help organizations manage and secure personal information. ENTRUST’s products are used in various sectors, including government, finance, and enterprises. It aims to enhance trust and security in identity verification processes.

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Frequently asked

Who acquired Onfido?

Onfido was acquired by ENTRUST, based in Minneapolis. The deal was reported on April 9, 2024. ENTRUST is a company focused on providing secure identity and credential issuance solutions. It specializes in technologies that help organizations manage and secure personal information. ENTRUST is privately held and operates in Information Technology.

When did ENTRUST acquire Onfido?

ENTRUST's acquisition of Onfido was reported on April 9, 2024. Entrust, a global leader in trusted payments, identities, and data security, has completed its acquisition of Onfido, a global leader in identity verification. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Onfido do?

Onfido is a global leader in identity verification, providing digital identity verification services through its Real Identity Platform. It helps millions of people access services every day, from billion-dollar institutions to hyper-growth start-ups. It is privately held, operating in Information Technology, and is based in Toronto.

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