Keyfactor, a Cleveland-based provider of secure digital identity management services, has acquired Spain-based Redtrust, a digital identity solutions company providing centralized certificate and digital signature management.
“This acquisition supports Keyfactor’s scale and global expansion efforts," Keyfactor CEO Jordan Rackie said in a statement. "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 mid-market businesses in North America and Europe.”
In January 2019, Keyfactor received a $77 million growth funding round with Insight Partners, a global venture capital and private equity firm focused on high-growth technology and software companies. The company has doubled its revenue year-over-year and now secures more than 500 million certificates for Fortune 2000 clients worldwide.
Founded in 2009, Redtrust serves hundreds of customers operating in the banking, insurance, infrastructure and healthcare industries. Its patented platform secures and centralizes certificate lifecycle management, complementing Keyfactor’s end-to-end secure identity and code signing platform.