Entrust Completes Acquisition of Onfido, Creating a New Era of Identity-Centric Security

Today, we are pleased to share that Entrust has completed its acquisition of Onfido. Now, Entrust can bring the industry’s most comprehensive suite of AI-powered, identity-centric security solutions to our customers.

Onfido’s capabilities are critical, with AI-driven attacks from phishing and deepfakes to synthetic identities on the rise. As we continue to innovate and integrate Onfido capabilities across the Entrust portfolio, customers can turn to Entrust for a range of AI-powered, identity-centric solutions to help:

• Stop phishing and credential misuse with enhanced authentication leveraging biometrics and digital certificates 
• Neutralize deepfakes while creating secure digital experiences with AI/ML-driven identity verification 
• Enable trusted digital onboarding, so you can authenticate customers or employees, and issue credentials in a matter of minutes while reducing fraud exposure and staying compliant with regulations and standards
• Secure data and cryptographic assets with cutting-edge encryption, key management, and compliance solutions

To learn more, read the press release here

For media inquiries: [email protected].

Founded in 2012, Onfido makes it easy for people to access services through digital verification. Prior to being acquired, the company had over $130 million in revenue and over 500 employees. Onfido’s over 1,200 customers globally include some of the world’s leading financial institutions, e-commerce, gambling and gaming companies, and sharing economy platforms.

To learn more about Onfido, visit their website here.

How does this acquisition benefit Onfido’s customers?

Onfido customers will benefit from Entrust’s global sales and service footprint and end-to-end identity and data protection solutions. Our solutions, capabilities, and customers are highly complementary, and create opportunities to advance the ways we help customers protect identities and enable trusted interactions in a fast-changing world.

Entrust counts 65% of the Fortune 500 among its customers as well as government agencies around the world. The company protects more than 100 million workforce and consumer identities, encrypting millions of financial messages daily, and has issued more than 30 billion smart payment and identity cards.

We have decades of experience keeping the world moving safely by enabling strong identities, secure payments, and protected data. Entrust offers an unmatched breadth of solutions that are critical to the future of secure enterprises, governments, the people they serve, and the data and transactions associated with them.

How will this acquisition impact the product roadmap?

Onfido solutions are complementary to those of Entrust, so these capabilities will open new opportunities for our customers. We expect to accelerate our innovation with best-in- class, end-to-end identity security solutions. For example, we see opportunities in the integration of Onfido’s leading identity verification (IDV) technology and Entrust’s portfolio, including our Identity and Access Management (IAM) and digital signing solutions. We believe IDV will become increasingly important as step-up authentication for high-risk or high-value transactions and activities including digital onboarding, account opening, access management, and digital signing. We will enhance the IDV solution with risk-based authentication that is part of Entrust Identity as a Service, as part of an end-to-end identity assurance platform.

Will the Onfido brand change? What about its products?

Entrust has established a strong global brand with a deep history in protecting and enabling trusted identities, payments, and data. We go to market with Entrust as our Master Brand. Onfido will initially operate as “Onfido, an Entrust company.” Looking ahead, we will transition Onfido and key product names to the Entrust brand. The change would occur deliberately to ensure a smooth transition for customers and partners.

Will my account representative, billing contacts, etc. be changing?

There are no near-term changes. Please continue to conduct business with Onfido and Entrust as you always have done.

Our focus is on ensuring you continue to receive the solutions and services you expect from us, and any transitions in our relationship, should they occur, would be communicated in advance.