Entrust Corporation

Entrust is a company, not a family office. Strategic decisions are made by President and CEO Todd Wilkinson, who has led the firm since 2004. The board, which includes representatives from majority owner Thoma Bravo, approves major capital allocation moves.

Entrust is a global digital security corporation, not a family office. The firm is majority-owned by private equity firm Thoma Bravo, which acquired it in 2021. The company operates as a standalone commercial entity with product development, sales, and support teams.

Entrust does not operate a venture capital arm. The firm's primary capital activity involves strategic acquisitions, such as the 2023 merger with Onfido and the 2022 purchase of HyTrust. These deals are focused on expanding its identity and security product lineup.

Entrust targets mature, revenue-generating security and identity companies. The firm typically acquires or merges with companies in the digital identity, PKI, or encryption space—generally at the growth or buyout stage, funded by its private equity owner Thoma Bravo.

Entrust does not publicly disclose sector exclusions. The firm's avoidances likely mirror Thoma Bravo's focus on security and software, steering clear of biotech, energy, or real estate outside its core digital trust mandate.

Entrust is a portfolio company of Thoma Bravo, which acquired the firm in 2021. The private equity firm provides capital and strategic oversight, but Entrust operates as a separate entity with its own management, product strategy, and customer base. Thoma Bravo typically holds portfolio companies for 5–7 years.

Entrust generates its own revenue from product sales and service fees. The firm is not a wealth-management vehicle. Its capital comes from product revenue and, since 2021, from Thoma Bravo's investment funds, which pool capital from institutional investors.