Thales completes acquisition of Vormetric

The transaction price is approximately EUR 375 million. 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. 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.”