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Thales to create a global leader in data protection by acquiring Vormetric
October 2015 by Marc Jacob
Thales ( announced that it has signed a
definitive agreement to acquire Vormetric, a leading provider of data
protection solutions in physical, virtual and cloud infrastructures, for
US$400m. The transaction is subject to customary closing conditions
and expected to close during the first quarter of 2016.
Leveraging a range of data-centric security technologies, Vormetric
provides efficient sensitive data protection. This combines perfectly
with Thales e-Security activities, which already hold a leading position
in hardware security modules (HSMs), protecting critical networks and
data of 19 of the 20 largest banks in the world and leading technology
companies.
When the acquisition is completed, Thales will further extend its
cybersecurity capabilities and offer its customers a comprehensive data
protection suite of solutions for protecting enterprises against
cybersecurity threats at the highest levels of assurance.
This strategic move complements Thales’s market leading cybersecurity
activities, and further strengthens the Group’s overall profitable growth
strategy.
Headquartered in San Jose, California, Vormetric is the industry leader
in data security solutions that protect data-at-rest across physical, big
data and cloud environments. With a workforce of 200 employees,
Vormetric helps over 1,500 enterprises, including 17 of the US top 30
