Thales creates integrated business line to meet growth in demand for cybersecurity
Thales has created a new Business Line called Critical Information Systems and Cybersecurity to maximise synergies between its market-leading information systems security and critical information systems specialists and capabilities.
With annual revenues of €500 million and close to 5,000 employees, the new business line has the critical mass required to consolidate Thales's leadership in the fast-growing cybersecurity market. It is part of the Group's Secure Communications and Information Systems Global Business Unit.
Global Security Software Market in the Telecom Industry 2015-2019
With growing interconnection between players and information systems and the anticipated emergence of the Internet of Things, a completely new digital landscape is taking shape, driven by rapid progress in IT technologies and the unrelenting evolution of the cyberthreat environment. Today, Thales is combining its strengths to step up to these new challenges and drive future business growth.
Repeated attacks on the vital networks of major nations and the surge in cyber espionage activity have made cybersecurity one of the major challenges of the 21st century.
Administrations, financial institutions, critical infrastructure operators, innovative industries and research institutes are all highly dependent on their IT systems and are therefore more vulnerable to new types of cyberthreats.
The creation of the Critical Information Systems and Cybersecurity business line will enable Thales to deliver a more comprehensive response to the need of providing end-to-end security for the critical information of the most demanding customers.
With a strong focus on services, the new business line will draw on cutting-edge expertise in R&D and systems architectures, and a broad range of hardware and software products to assure effective threat prevention, detection and security supervision.
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Source : Thales Group (Paris: HO.PA)