Sectigo Doubles Enterprise Operations with Entrust Acquisition
Deal News | Jan 29, 2025 | GI Partners, LLC
Sectigo, a leader in digital certificates and certificate lifecycle management, has acquired the public certificate business of Entrust. This strategic acquisition doubles Sectigo's enterprise operations and positions it as a leader in digital security solutions. The acquisition allows Sectigo to expand its reach in the enterprise market and enhance its capabilities in certificate lifecycle management. This move is seen as a response to the challenges brought on by shorter certificate lifespans and the advancement of post-quantum cryptography. Entrust, which has maintained a strong history in the public certificate sector, is confident that Sectigo is well-equipped to manage the transition for their customers smoothly. The acquisition significantly enlarges Sectigo’s addressable market and strengthens its vision of becoming a trustworthy partner for digital infrastructure protection. Additionally, GI Partners, the major shareholder of Sectigo, sees this acquisition as a crucial growth opportunity, positioning Sectigo for future expansion in a market projected to exceed $8 billion by 2029. The financial terms of the acquisition remain undisclosed.
Sectors
- Digital Security
- Technology
- Private Equity
Geography
- United States – Sectigo is based in Scottsdale, AZ, and GI Partners operates in the U.S., indicating the geographical focus of the business activities.
Industry
- Digital Security – Involves companies providing security solutions to protect digital infrastructures, such as certificate authorities like Sectigo.
- Technology – The acquisition focuses on technology services, specifically Certificate Lifecycle Management, critical for digital ecosystem management.
- Private Equity – GI Partners, a private equity firm, is a major shareholder in Sectigo, influencing the acquisition and growth strategy.
Financials
- $8 billion – Estimated market size for Certificate Lifecycle Management by 2029.
Participants
Name | Role | Type | Description |
---|---|---|---|
Sectigo | Acquirer | Company | A leading provider of digital certificates and automated Certificate Lifecycle Management (CLM). |
Entrust | Target Company | Company | Provider of digital security solutions, particularly known for its public certificate business. |
GI Partners | Private Equity Firm | Company | A private investment firm and major shareholder of Sectigo, supporting its acquisition strategy. |
Kevin Weiss | CEO of Sectigo | People | The Chief Executive Officer of Sectigo, leading the company's strategic growth initiatives. |
Todd Wilkinson | CEO of Entrust | People | The President and CEO of Entrust, overseeing the transfer to Sectigo. |
Travis Pearson | Managing Director at GI Partners | People | A managing director at GI Partners, articulating the strategic importance of the acquisition. |