Entrust Announces Expiration of Hart-Scott-Rodino Waiting Period



    DALLAS, May 27 /CNW/ -- Entrust, Inc. (Nasdaq:   ENTU), today announced the
expiration of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, in connection with the proposed acquisition of
Entrust, Inc., by HAC Holdings, Inc., an entity controlled by a private equity
fund associated with Thoma Bravo, LLC.

    As previously announced on April 13, 2009, Entrust entered into an
Agreement and Plan of Merger (the "Merger Agreement") by and among Entrust,
HAC Holdings, Inc., a Delaware corporation ("Newco"), and Helen Acquisition
Corporation, a Maryland corporation, and a wholly owned subsidiary of Newco
("Merger Sub").

    Pursuant to the terms of the Merger Agreement, Merger Sub will be merged
with and into Entrust, and as a result Entrust will continue as the surviving
corporation and a wholly owned subsidiary of Newco (the "Merger").  Pursuant
to the Merger Agreement, at the effective time of the Merger, each issued and
outstanding share of common stock of Entrust, other than shares owned by
Entrust, Newco or Merger Sub, will be canceled and extinguished and
automatically converted into the right to receive $1.85 in cash, without
interest.

    The expiration of the waiting period satisfies one of the conditions to
the closing of the Merger. Completion of the Merger remains subject to
approval of the Company's stockholders and the satisfaction or waiver of the
other closing conditions.
    

    About Entrust
    
    Entrust [NASDAQ:   ENTU] provides trusted solutions that secure digital
identities and information for enterprises and governments in 2,000
organizations spanning 60 countries. Offering trusted security for less,
Entrust solutions represent the right balance between affordability, expertise
and service. These include SSL, strong authentication, fraud detection,
digital certificates and PKI. For information, call 888-690-2424, e-mail
entrust@entrust.com or visit www.entrust.com.

    Entrust is a registered trademark of Entrust, Inc. in the United States
and certain other countries. In Canada, Entrust is a registered trademark of
Entrust Limited. All Entrust product names are trademarks or registered
trademarks of Entrust, Inc. or Entrust Limited. All other company and product
names are trademarks or registered trademarks of their respective owners.
    

    Additional Information and Where You Can Find It

    
    In connection with the proposed transaction, Entrust has filed a
definitive proxy statement and relevant documents concerning the proposed
transaction with the SEC. Investors and security holders of Entrust are urged
to read the proxy statement and any other relevant documents filed with the
SEC because they contain important information about Entrust and the proposed
transaction. The proxy statement and any other documents filed by Entrust with
the SEC may be obtained free of charge at the SEC's Web site at www.sec.gov.
In addition, investors and security holders may obtain free copies of the
documents filed with the SEC by Entrust by contacting Entrust Investor
Relations at david.rockvam@entrust.com or via telephone at 972-728-0424.
Investors and security holders are urged to read the proxy statement and the
other relevant materials before making any voting or investment decision with
respect to the proposed transaction.

    Entrust and its directors, executive officers and certain other members
of its management and employees may, under SEC rules, be deemed to be
participants in the solicitation of proxies from Entrust's stockholders in
connection with the transaction. Information regarding the interests of such
directors and executive officers (which may be different then those of
Entrust's stockholders generally) is included in Entrust's proxy statements
and Annual Reports on Form 10-K, previously filed with the SEC, and
information concerning all of Entrust's participants in the solicitation is
included in the proxy statement relating to the proposed transaction. Each of
these documents is, or will be, available free of charge at the SEC's Web site
at www.sec.gov and from Entrust Investor Relations at
www.entrust.com/investor.
    




    




For further information:

For further information: Investor Relations, David E. Rockvam, Chief
Marketing Officer & IR of Entrust, Inc., +1-972-728-0424,
david.rockvam@entrust.com; or Media, David J. Chamberlin, Media Relations,
+1-214-669-7299, david.chamberlin@mslworldwide.com, for Entrust, Inc. Web
Site: http://www.entrust.com

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