Vista Equity Partners strikes deal to carve out HID’s PKI business
Vista Equity Partners has signed an agreement to acquire the public key infrastructure business unit of HID, an Austin, Texas-based identity technology company that is part of the ASSA ABLOY Group. The deal covers HID’s PKI SaaS, credential management and ZeroSSL offerings. The deal is expected to close in the fourth quarter of 2026. HID is an ASSA ABLOY Group brand.
Vista Equity Partners has reached an agreement to acquire the Public Key Infrastructure (PKI) business unit from HID. HID is an identity technology company based in Austin, Texas, and operates as part of the ASSA ABLOY Group. The financial terms of this transaction were not publicly disclosed. This acquisition marks a strategic move for Vista Equity Partners within the enterprise software and AI sectors.
The acquired business unit encompasses several key offerings, including public and private PKI issuance and management solutions. It also includes self-service SSL certificates, and capabilities for on-premise credential and smart card lifecycle management. Specifically, the deal covers HID’s PKI SaaS, credential management, and its ZeroSSL offerings, indicating a focus on digital identity and security infrastructure.
Patrick Severson, a senior managing director and co-head of the Foundation Fund at Vista Equity Partners, highlighted the significance of the platform being acquired. He noted its foundational role in how regulated and compliance-focused organizations conduct their operations in a digital-first environment. This emphasizes the strategic importance of secure digital identities and compliance solutions in the current business landscape.
HID is a global entity with over 4,500 employees and maintains international offices that support operations in more than 100 countries. Vista Equity Partners, a firm specializing in enterprise software and artificial intelligence investments, reported over $100 billion in assets under management as of June 30, 2026. The transaction is anticipated to conclude in the fourth quarter of 2026.
This carve-out transaction signals a continued strong interest in cybersecurity, digital identity, and compliance technologies within the private equity landscape. As businesses increasingly digitize and regulatory requirements become more stringent, investment in foundational infrastructure that supports secure digital operations is likely to remain a strategic priority for firms focusing on enterprise software and IT services.