Entrust today announced it closed a deal last night to buy Redwood City, Calif.-based Business Signatures for $50 million.
The acquisition of Business Signatures heightens the competition with RSA Security, which acquired Cyota late last year. Cyota and Business Signatures both offer fraud-detection software and services primarily used by banks in their online operations to flag suspicious activity.
Like RSA Security, Entrust is a firm with long-time involvement in public-key infrastructure encryption. Entrust also offers an authentication platform, IdentityGuard. However, Entrust has trailed RSA economically, struggling with keeping a healthy balance sheet.
The Entrust acquisition garnered support from one Business Signatures customer, H&R Block. Marc West, chief information officer and senior vice president at H&R Block, said he felt the combination of the two firms will lead to "more security options" that will work well with the H&R Block applications.
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