Thales Completes Sale of GP HSM Business to Entrust Datacard

Thales announced the closing of the sale of its General Purpose Hardware Security Module (GP HSM) business to Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions.
 
This transaction follows the commitments made by Thales to several competition authorities to divest this business to a suitable purchaser in order to ensure a strongly competitive market for GP HSM solutions, which have allowed Thales to finalize the acquisition of Gemalto.
 
This transaction will enable nCipher Security — with more than €100 million in revenues in 2018 and more than 300 employees — to continue to deliver innovative solutions and services and strengthen its market leadership as an Entrust Datacard business.