Deals
Quandt Family Buys Entrust in Shift From Card Swipes to Online
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The billionaire Quandt family’s Datacard Group agreed to buy Entrust Inc., a maker of identity management and authentication software, to meet increased demand for security as more business goes digital.
Datacard, a plastic-card printing supplier based in Minnetonka, Minnesota, is paying $500 million in cash for Entrust, according to two people with direct knowledge of the matter who asked not to be identified because the terms are private. Germany’s Quandt family also holds a controlling stake in luxury-car maker Bayerische Motoren Werke AG.