The transaction price is approximately 375m euros. Vormetric will be progressively integrated into Thales’s cybersecurity business. 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 cyber security 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.’