Thales completes acquisition of Vormetric
Thales announced on March 17 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 organizations to protect and control their data from the data centre to the cloud, while strengthening their security posture and meeting data privacy compliance.
Cindy Provin, president of Thales e-Security, Inc., said, “Today’s announcement of the acquisition close of Vormetric, a leading provider of data protection solutions in physical, virtual and cloud infrastructure, catapults Thales e-Security from the leader in key management and hardware security solutions to the market leader in data protection and trust management. The combined business will help protect customers against the ever-growing cybersecurity threats.
The exponential growth in the cybersecurity market continues to drive the demand for information security solutions. The combination of our two organizations will provide comprehensive data protection solutions to the enterprise enabling data-centric security on premise, in the cloud and across all applications including big data. This acquisition delivers a strong foundation of security application technology that enables us to evolve our trust management strategy and offer our customers the world’s leading data security solutions.”
The acquisition of Vormetric is a key differentiator for Thales’s offering and accelerates the cybersecurity strategy of the group.
Patrice Caine, chairman and 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.”