Add-on Acquisition • Information Technology

DirectTrust Acquires Safe Identity

On August 31, 2021, DirectTrust acquired information technology company Safe Identity

Acquisition Context
  • This is DirectTrust’s 1st transaction in the Information Technology sector.
  • This is DirectTrust’s 1st transaction in the United States.
  • This is DirectTrust’s 1st transaction in Virginia.

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M&A Deal Summary

Date August 31, 2021
Target Safe Identity
Sector Information Technology
Buyer(s) DirectTrust
Deal Type Add-on Acquisition

Target Company

Safe Identity

Reston, Virginia, United States
Safe Identity is an industry consortium and certification body supporting identity assurance and cryptography in healthcare. The company standardizes digital identities for the health industry from issuance of certified credentials, to use in applications for better security and convenience. Safe Identity was formed in 2019 and is based in Reston, Virginia.
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Buyer Overview 1

Buyer

DirectTrust

Washington, District of Columbia, United States

Category Company
Founded 2012
Sector Business Services
DESCRIPTION

DirectTrust is a non-profit, vendor-neutral alliance initially created by and for participants in the Direct community, including Health Information Service Providers (HISPs), Certificate Authorities (CAs), Registration Authorities (RAs), healthcare providers, consumers/patients, and Health IT vendors. The company serves as a governance forum, trust community, standards organization, and accreditation body for persons and entities engaged in exchange utilizing the Direct Standard, supported by DirectTrust’s robust security and trust framework. The goal of DirectTrust is to develop, promote, and, as necessary, help enforce the rules and best practices necessary to maintain security and trust within the Direct Secure Messaging community. DirectTrust was formed in 2012 and is based in Washington DC.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1