PARIS, March 17, 2016 /PRNewswire/ --
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."
About Thales
Thales is a global technology leader for the Aerospace, Transport, Defence and Security markets. With 62,000 employees in 56 countries, Thales reported sales of €14 billion in 2015. With over 22,000 engineers and researchers, Thales has a unique capability to design and deploy equipment, systems and services to meet the most complex security requirements. Its unique international footprint allows it to work closely with its customers all over the world.
Positioned as a value-added systems integrator, equipment supplier and service provider, Thales is one of Europe's leading players in the security market. The Group's security teams work with government agencies, local authorities and enterprise customers to develop and deploy integrated, resilient solutions to protect citizens, sensitive data and critical infrastructure.
Drawing on its strong cryptographic capabilities, Thales is one of the world leaders in cybersecurity products and solutions for critical state and military infrastructures, satellite networks and industrial and financial companies. With a presence throughout the entire security chain, Thales offers a comprehensive range of services and solutions ranging from security consulting, intrusion detection and architecture design to system certification, development and through-life management of products and services, and security supervision with Security Operation Centres in France, the United Kingdom, The Netherlands and soon in Hong Kong.
About Thales e-Security
Thales e-Security is a leading global provider of digital trust management and data protection solutions that protect the world's most sensitive applications and information. Thales solutions address identity and privacy related challenges with hardware and software-based encryption, digital signature, and management capabilities. In today's increasingly connected world, our solutions help thwart today's targeted attacks and reduce the risk of sensitive data exposure introduced by cloud computing and virtualization, consumer devices in the workplace, increased mobility, big data, and more. Thales e-Security has a worldwide support capability, with regional headquarters in the United States, United Kingdom, and Hong Kong.
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SOURCE Thales
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