HID Enters into Agreements with Vista Equity Partners to Sell PKI Business Unit

Transaction includes HID’s PKI SaaS, credential management, and ZeroSSL offerings

AUSTIN, Texas, October 16, 2026 – HID, a worldwide leader in trusted identity solutions, today announced it has signed an agreement to sell its Public Key Infrastructure (“PKI”) Business Unit to Vista Equity Partners (“Vista”), a preeminent technology investment firm specializing in enterprise software and AI.
“Our PKI team has built a strong business with a strong customer base, and we believe Vista has the expertise to take it forward as the market evolves,” said Björn Lidefelt, EVP and Head of HID. “We are pleased with this outcome for our customers, our employees, and for HID.”

The business offers capabilities in public and private PKI issuance and management, self-service SSL certificates, and on-premise credential and smart card lifecycle management. HID believes Vista possesses the scale, expertise, and capital to be the ideal partner to bring the business forward.

“This leading PKI platform delivers trusted identity solutions that underpin how regulated and compliance-focused organizations operate in a digital-first world,” said Patrick Severson, Senior Managing Director and Co-Head of the Foundation Fund at Vista. “We are excited to build on that foundation, and we look forward to investing in the people, products, and deep customer and partner relationships that define this business.”

The transaction is subject to customary closing conditions, regulatory approvals, and employee consultation and is expected to close during the fourth quarter of 2026. Customers and partners can expect business as usual, with the same products, service, and commitments they rely on today.

About HID
HID powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID’s products and services to navigate their everyday lives, and billions of things are connected through HID’s technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries. HID is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.

About Vista Equity Partners
Vista is a preeminent investor in enterprise software and AI, with over $100 billion in AUM (as of June 30, 2026). For over 25 years and across multiple technology cycles, Vista has been pioneering new approaches to software investing, delivering consistent and compelling results at scale. Today, we’re applying that expertise to harness the full transformative potential of AI to redefine how work gets done. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

© 2026 HID Global Corporation/ASSA ABLOY AB. All rights reserved. HID, HID Global, the HID Blue Brick logo and the Chain Design are trademarks or registered trademarks of HID Global, ASSA ABLOY AB, or its affiliate(s) in the US and other countries and may not be used without permission. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.

Editorial Contact:
Bubble Agency
Doug Hansel: [email protected]
Kim Velasco: [email protected]
Tel: +1 603-537-9248
HID
Sara Chaput: [email protected]
Vista Equity Partners
Brian W. Steel
+1 (212) 804-9170
Max Gross
+1 (347) 267-3274
[email protected]