Thales Completes Acquisition of Vormetric
- Thales announces the closing of its acquisition of Vormetric for EUR375M.
- With the acquisition of Vormetric, Thales becomes a global leader in data protection.
- Data itself is now at the heart of the 21st Century business landscape; perimeter protection is no longer sufficient. Thales protects data, wherever it may be.
Thales (Euronext Paris: HO) announces today the closing of its acquisition of Vormetric, a leading provider of data protection solutions in physical, virtual and cloud infrastructures, after approval by the regulatory authorities. The transaction price is approximately 375 million euros. Vormetric will be progressively integrated into Thales's cybersecurity business in order to create a global leader in data protection.
The combination of Vormetric and Thales e-Security's activities enables organisations to protect and control their data from the data centre to the cloud, while strengthening their security posture and meeting data privacy compliance.
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The acquisition of Vormetric is a key differentiator for Thales's offering and accelerates the cybersecurity strategy of the Group.
Patrice Caine, Chairman & CEO of Thales, stated: "Thales is very excited that this acquisition has now closed and welcomes Vormetric's talents as part of the family. The combination of Vormetric and Thales e-Security's expertise will create a world leader in data protection and a reference in cybersecurity.
Today, businesses generate a rising volume of sensitive data for which Thales offers unparalleled protection solutions and services to answer the most demanding clients."
Source : Thales - view original press release