Vormetric Joins Thales' Family

Vormetric Joins Thales' Family
18.03.2016 11:15 am

Vormetric Joins Thales' Family

M&A Deals

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.

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."

Related News

Signicat acquires Connectis to create Europe’s strongest digital identity platform

Signicat, the Trusted Digital Identity™ company, has acquired digital identity specialist ... Read more »

Tink acquires Eurobits Technologies

The acquisition complements Tink’s organic growth strategy to enhance its platform, increase connectivity and expand its product offering. The acquisition of Eurobits builds on... Read more »

Accuity Acquires Apply Financial to Provide Real-Time Straight Through Processing and Account Validation Payment Solutions

Accuity, a leading global provider of financial crime screening, payments, and know your customer (KYC) solutions, and part of RELX, announced today that it has acquired Apply... Read more »

Nets acquires leading Polish payment provider Polskie ePłatności (PeP)

Nets, a leading player in the European payments industry, today announces its acquisition of Polskie ePłatności (“PeP”), a... Read more »

ClearCourse acquires Bristol-based operational and digital solutions provider Felinesoft

ClearCourse Partnership LLP (“ClearCourse” or “the Group”), a group of innovative technology companies providing digital services, work-flow solutions, and payments... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel