Keyfactor buys Spanish digital identity solutions company Redtrust
Keyfactor acquisition of Redtrust : Keyfactor, a provider of secure digital identity management solutions, has acquired Spanish digital identity solutions company Redtrust for an undisclosed price.
Redtrust offers centralized certificate and digital signature management, that enables large and medium firms to manage, control and centralize the use of their digital certificates.
Commenting on Keyfactor acquisition of Redtrust, Jordan Rackie – CEO at Keyfactor said: “Like Keyfactor, Redtrust is fiercely committed to offering best-in-class identity management innovation to customers in industries where trust and reputation are a top priority.
“This acquisition supports Keyfactor’s scale and global expansion efforts. We’re now able to address a broader number of use cases for our customers and appeal to a wider market, from the Global 2000 to small and midmarket businesses in North America and Europe.”
Earlier this year, Keyfactor announced a growth funding round of $77 million with Insight Partners. The company said that it has doubled its revenue year-over-year and currently secures over 500 million certificates for Fortune 2000 clients across the world.
Established in 2009, Redtrust caters to hundreds of customers across the banking, insurance, healthcare, and infrastructure industries. The company’s patented platform is said to secure and centralize certificate lifecycle management, which is expected to complement the end-to-end secure identity and code signing platform of Keyfactor.
Daniel Rodriguez – CEO at Redtrust, commenting on Keyfactor acquisition of Redtrust, said: “We found the perfect partner with Keyfactor, and I’m thrilled for Redtrust to reach this important company milestone.
“Together we have a shared vision for the future of trust, and an obsession with technical excellence and customer success. We’re now on an unstoppable mission to secure the digital identities for companies of all sizes, in any market.”