Entrust enters acquisition agreement

OTTAWA – Digital security products firm Entrust Inc. signs a definitive agreement to be bought by Chicago-based Thoma Bravo LLC. for US$114 million. The deal will see Dallas-headquartered Entrust, which employs three-quarters of its 400 staff in Kanata, made a subsidiary of the private equity firm. “In addition to delivering value to Entrust's shareholders, the partnership with Thoma Bravo also creates clear value for Entrust's employees and customers,” says Entrust CEO Bill Conner. “Entrust’s customers will benefit from our increased focus on developing our key platforms – risk-based authentication and fraud detection, PKI (public key infrastructure) and our certificate services – that grow as their security requirements evolve.” The agreement, already approved by Entrust’s board, contains a provision that allows the company to explore other offers within the next 30 days.

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