Thoma Bravo Entrusting Portfolio Company to Datacard
December 18, 2013
Thoma Bravo is selling Entrust, a company that secures digital identities and information, to Datacard Group. The sale is expected to close by year-end. Taken private by Thoma Bravo in July 2009, Entrust secures governments, enterprises and financial institutions in more than 5,000 organizations spanning 85 countries. Thoma Bravo has boosted its EBITDA to 34% of revenue in 2013, up from the 7% for its last year as a public company in 2008.