dormakaba becomes a minority shareholder in Safetrust Inc. (“Safetrust”), a fast-growing secure identity and access solutions company with a strong focus on North America.
Safetrust is a pioneering and fast-growing provider of high-tech identity management solutions, trusted by some of the world’s largest organizations. Founded in 2018, the company is based in Fremont, California, USA, and employs 100 people.
Physical and logical systems
Safetrust delivers scalable, post-quantum-ready security through a fully managed identity ecosystem
Safetrust delivers scalable, post-quantum-ready security through a fully managed identity ecosystem. It enables secure access to physical and logical systems, including doors, elevators, turnstiles, and computers. Safetrust is an ideal complement to dormakaba’s existing offerings in the North American market.
Till Reuter, CEO dormakaba, says: “We are extremely impressed by the development of Safetrust over the past years and are delighted to partner with the company in the future. This investment aligns with our strategy and strengthens our position as a pioneering access solutions provider in the North American market.”
Safetrust’s global eco-system
“Safetrust bridges the connection between people, things, and the resources they interact with, empowering customers to enhance safety and operational efficiencies – solving today’s security challenges while preparing for the digital world of tomorrow,” said Jason Hart, CEO of Safetrust.
“By combining dormakaba’s expertise in smart, sustainable access solutions with Safetrust’s global eco-system of identity and workplace insights, we drive a shared vision for secure access.” The parties have agreed not to disclose further details and the financial terms of the transaction.
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