HID Global acquires PKI provider HydrantID for enterprise data and IoT security
HydrantID specializes in public key infrastructure (PKI), according to the announcement, and has issued more than 3 million PKI credentials and secured over 125,000 domains with its PKI-as-a-service solutions. The technology is offered to enterprise, government, financial, and other organizations focussed on data security, securing IoT systems using IP-based protocols requiring PKI-based authentication to secure data and networked machine identities.
The companies say PKI-based authentication can help reduce the risks of bot attacks and compliance issues amid changing regulations.
“We are evolving HID’s Identity and Access Management business to provide one-stop solutions for PKI services across the enterprise,” states HID Global President and CEO Stefan Widing. “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.”
HydrantID utilizes hybrid-cloud trust architecture from its state-of-the-art data center and scalable cloud platform, according to the announcement, to help enterprises reduce operating complexities and extend the use of certificate-based authentication and encryption across the organization. The company says a key benefit is the automation of certificate lifecycle events and distribution with industry-standard protocols and “out of the box” integration with common enterprise software and platforms.
The newly acquired company will be integrated with HID IdenTrust, a division of HID Identity and Access Management.
HID Global has been on something of an acquisition spree, reaching an agreement to add De La Rue’s Citizen Identity business in June.