EXHIBIT 99

Press Release

FOR IMMEDIATE RELEASE

Entrust Announces Financial Results

DALLAS – January 26, 2004 – Entrust, Inc. [Nasdaq: ENTU], a world-leading provider of Identity and Access Management solutions, today announced financial results for its fiscal quarter ended December 31, 2004.

Revenue for the fourth quarter increased to $27.1 million, an increase of 27% from $21.3 million in Q3, 2004 and 14% from $23.7 million in Q4, 2003. Revenue for the full year ending December 31, 2004 was $91.0 million, an increase of 3% from $87.9 million in 2003. Revenue in the fourth quarter was driven by increased product revenue, which accounted for 40% of total revenue in the quarter, with the balance generated from services and maintenance.

Entrust recorded a Q4, 2004 net income of $2.6 million, or $0.04 per share, compared to a Q3, 2004 net income of $.5 million, or $0.01 per share, and a Q4, 2003 net income of $60 thousand, or $0.00 per share. This equates to a $0.02 per share net income for the entire year ending December 31, 2004, which is a $0.58 per share, or $36.9 million, improvement over the year ending December 31, 2003.

“I am extremely pleased with the company’s overall financial, operational and product accomplishments in 2004. We grew revenue, increased profitability by $36.9 million, and generated over $10 million in operating cash flow,” said Bill Conner, Entrust chairman, president and chief executive officer. “Entrust enters 2005 with a new product portfolio that positions us to drive product revenue faster than the market growth rate of 16 to 17 percent, while growing earnings even faster.”

Business and Financial Metrics:

Fourth Quarter, 2004

(more)

Year-end, 2004

“The fourth quarter represented the highest quarterly net income from operations in the company’s history,” said David Wagner, Entrust chief financial officer. “I am pleased by our ability to grow our run rate business and improve deal flow in the second half of 2004, while also increasing our deferred revenue by 38 percent over last year and achieving a company record low, days sales outstanding of 54 days. Based on these financial and operational successes, we look for product revenue and earnings growth ahead of the market rate of 16 to 17 percent in 2005.”

Financial Outlook:

Revenues for the first half of 2005 are expected to be in the range of $46.0 million to $49.0 million. For the first half of 2005, Entrust is currently targeting a pro forma (non-GAAP) net income per share in a range of $0.02 to $0.04. The non-GAAP earnings per share guidance excludes a total of approximately $390 thousand of purchased intangibles amortization in cost of goods sold and approximately $80 thousand of amortization of intangible assets in operating expenses. On a GAAP basis the Company expects earnings to be in the range of a $0.02 to $0.03 per share.

Technology and Industry Highlights:

Entrust will host a live teleconference and Webcast on Wednesday, January 26, 2005 at 8:30 a.m. (Eastern), featuring Chairman, President and CEO Bill Conner and Chief Financial Officer David Wagner discussing Entrust’s fiscal fourth quarter, fiscal year-end 2004 results and first-half guidance for 2005. The conference call audio will be available live via dial-in at 1-800-814-4857 and via the Internet at http://webevents.broadcast.com/cnw/entrust20050126. Please log on approximately 15 minutes before the Webcast begins in order to register and to download and install any necessary audio software. An archive of the Webcast will be available for 90 days at the above Internet address.

For those unable to attend the live conference call, an audio replay will be available beginning at 10:30 a.m. (Eastern), Wednesday, January 26, 2005 through Wednesday, February 2, 2005 at 11:59 p.m. (Eastern). The North American replay number is 1-877-289-8525 and the International replay number is 416-640-1917. Both numbers have a pass code of 21107765#.

Use of Non-GAAP Financial Measures

Entrust is providing non-GAAP guidance for the first half of 2005 to supplement our guidance in accordance with GAAP. These non-GAAP results are provided to enhance the user’s overall understanding of our financial performance by providing investors with additional information about our recurring operations. The purchased intangibles amortization in cost of goods sold and amortization of intangible assets in operating expenses, stock option expenses and restructuring charges. The non-GAAP measures are included to provide investors and management with an alternative method for assessing Entrust’s operating results. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with accounting principles generally accepted in the United States.

This press release contains forward-looking statements relating to Entrust’s projected revenue, GAAP net income and pro forma net income for the first half of 2005. Such statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are unforeseen operating expenses, issues associated with revenue recognition, issues raised in connection with the review of quarterly financial results, and

the risk factors detailed from time to time in Entrust’s periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation Entrust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2003 and quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2004. While Entrust may elect to update forward-looking statements in the future, Entrust specifically disclaims any obligation to do so, even if its estimates change.

About Entrust

Entrust, Inc. [Nasdaq: ENTU] is a world-leading provider of Identity and Access Management solutions. Entrust software enables enterprises and governments to extend their business reach to customers, partners and employees. Entrust’s solutions for secure identity management, secure messaging and secure data increase productivity and improve extended relationships by transforming the way transactions are done online. Over 1,250 organizations in more than 50 countries use Entrust’s proven software and services to turn business and security challenges into secure business opportunities. For more information, please visit: http://www.entrust.com.

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

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ENTRUST, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

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ENTRUST, INC.

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