Minnesota’s The Datacard Group, which makes printers for secure plastic cards like driver’s licenses and credit cards, has purchased digital security firm Entrust.
Entrust is based in Dallas, Texas but the company’s largest office, with around 200 employees, is in Ottawa.
The company was spun-off from Nortel in 1997 and went public in 1998. In 2009, the company was acquired and taken private by Thoma Bravo, a United States-based private equity firm, for approximately US$124 million.
Entrust had $120 million in revenue during 2013, according to a Thoma Bravo press release.
The acquisition will allow Datacard to expand its software offerings as the security and payments industry becomes increasingly digital.
Entrust’s Ottawa office has grown this year, said Molly Chudnovsky, a media relations official distrbuting information on behalf of the company. She said the company expects that this will continue over the next two years.
Datacard is also a privately-held company and no financial details of the acquisition were released.