09/12/2019 | Press release | Distributed by Public on 09/12/2019 07:54
AUSTIN, Texas, September 12, 2019 ̶ HID Global®, a worldwide leader in trusted identity solutions, today announced that it has acquired HydrantID, a provider of management and automation services to secure enterprise organizations' data, IT systems, networks, and Internet of Things (IoT). Specializing in public key infrastructure (PKI) as a service, HydrantID has issued over three million PKI credentials and secured over 125,000 domains - a perfect complement to HID's IdenTrust business, which is the world's leading digital certification authority.
HydrantID provides PKI-as-a-service solutions that address the critical security needs of networks and IoT system for enterprise, government, financial and other information security-conscious customers. The majority of these IoT systems are expected to be online by the year 2020 and use IP-based protocols requiring PKI-based authentication to secure the identities of machines on a network and IoT data.
In addition, increased security and bot attacks against enterprise networks and remote devices, as well as regulatory changes and compliance issues, are creating new risks for small, medium and large enterprise organizations. PKI-based authentication security helps reduce the risks significantly.
'We are evolving HID's Identity and Access Management business to provide one-stop solutions for PKI services across the enterprise,' said Stefan Widing, President and CEO with HID Global. 'With the acquisition of HydrantID, we are now able to offer enterprise customers a broader range of options, plus the flexibility and scalability of PKI-as-a-service to improve information security.'
Based in Salt Lake City, Utah, HydrantID offers industry-leading and proven certificate authority services that secure IoT systems, enterprise networks, publicly trusted SSL website certificates and client certificates for ecommerce. Utilizing hybrid-cloud trust architecture delivered from a state-of-the-art data center and scalable cloud platform, HydrantID's solution helps its customers reduce operating complexities while extending the use of certificate-based authentication and encryption across their organization.
A key benefit of HydrantID is its ability to automate certificate lifecycle events and distribution using industry-standard protocols and 'out-of-the-box' integration with common enterprise network software and platforms. The combination of HydrantID and HID IdenTrust certificate authority services will strengthen HID's Identity and Access Management solution portfolio to solve customer's digital security challenges. The joint solution portfolio will allow customers to deploy scalable certificate-based authentication and encryption for protection of complex enterprise data and IoT devices.
HydrantID will join HID IdenTrust, under HID's Identity and Access Management business led by Brad Jarvis, Vice President and Managing Director.
In early 2019, HID IdenTrust was named the number one certification authority in the world for the second year in a row.
HydrantID provides encryption and advanced authentication services to help companies secure data and systems, and e-commerce transactions. HydrantID focuses on helping companies achieve industry best practices related to authentication and encryption, while reducing operating complexity and costs. HydrantID's cloud-based, SaaS platform allows organizations to obtain advanced authentication and encryption services on-demand, in real time. An industry-leading fixed-price subscription model eliminates financial and operational barriers that start-ups and Fortune 500 companies alike face in creating strong security practices.
About HID Global
HID Global powers the trusted identities of the world's people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and over 2 billion things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID Global has over 3,000 employees worldwide and operates international offices that support more than 100 countries. HID Global® is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
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