Identity, payment and data protection provider Entrust paid an undisclosed sum to acquire US-based cloud security technology producer HyTrust yesterday, allowing corporates Advance Publications, Cisco, Intel, Fortinet and VMWare to exit.
HyTrust was founded in 2007 and has developed a technology platform that automates security controls for private, public and hybrid clouds. Entrust will incorporate the company’s encryption management, cryptographic keys and cloud security tools for into its own platform.
Epic Ventures and Trident Capital supplied $5.5m in series A funding for HyTrust in 2009, before joining networking technology manufacturer Cisco and Granite Ventures in a $10.5m series B round the following year.
The company received $18.5m in a 2013 series C round backed by semiconductor producer Intel’s corporate venture capital arm, Intel Capital, as well as virtualisation software provider VMWare, Cisco, Granite Ventures, Trident Capital, Epic Ventures and In-Q-Tel.
Cybersecurity software developer Fortinet participated in HyTrust’s $25m series D round in 2015 alongside VMWare, Cisco, Trident Capital, Granite Ventures, Epic Ventures, AITV and Vanedge Capital.
Advance Venture Partners, a venture capital vehicle for media company Advance Publications, took part in a $36m series E round for HyTrust in 2017 that also featured Cisco, Intel, Fortinet, VMWare, Sway Ventures, Epic Ventures, Vanedge Capital and Trident Capital.