iscover
ReporterShare this article on:
Powered by
MOMENTUM
MEDIA
Thales has confirmed that the company has reached an agreement with Thoma Bravo for the acquisition of US-based data and cyber security provider Imperva.
The acquisition, valued at US$3.6 billion, will see Thales acquire 100 per cent of the cyber company.
It is hoped that the acquisition will enhance Thales’ cyber security offering, growing its data security services and enabling the global contractor to enter the application security market.
Following the acquisition, it is projected that Thales’ cyber security business will generate over €2.4 billion in revenues.
The acquisition will not have an impact on the group’s existing dividend policy or ongoing share buyback scheme, a Thales announcement confirmed.
The agreement is expected to be completed by the beginning of 2025, subject to anti-trust and regulatory approvals.
Imperva has over 1,400 employees and monitors threats in 180 countries. It is projected that the acquisition will add some $500 million in revenue for Thales.
The announcement is the latest cyber acquisition for Thales.
In June, Thales announced the proposed acquisition of Tesserent, one of Australia and New Zealand’s largest cyber security companies.
The Tesserent acquisition would enable Thales to accelerate its cyber security development roadmap and expand its footprint in a fragmented Australia and New Zealand cyber defence market.
Under the proposal to acquire Tesserent, the companies indicated that Thales Australia would acquire 100 per cent of Tesserent shares valued at $0.13 per ordinary share in cash.
The proposal values Tesserent’s equity at $176 million.
The acquisition was unanimously recommended by Tesserent’s board of directors, who recommend shareholders vote in favour of the share scheme. The scheme is expected to be completed in the latter half of 2023.
The acquisition of Imperva will broaden Thales’ portfolio of services and help drive Thales’ growth as a major international cyber security player, Patrice Caine, chairman and chief executive officer of Thales, said.
“The acquisition of Imperva marks a major milestone in Thales’ cyber security strategy. With this acquisition, we are seizing a unique opportunity to accelerate our cyber security capabilities and are taking an important step towards our ambition to build a world-class global cyber security integrated player, providing a comprehensive portfolio of products and services,” Caine outlined.
“We have tremendous respect for Imperva’s innovative application and data security offerings. Imperva and Thales share the same vision and the same DNA. We are thrilled to enter the next phase of our growth together. We look forward to welcoming Imperva to Thales to further enhance our cyber security solutions and help customers address their most important digital security challenges.”
Be the first to hear the latest developments in the cyber industry.
