Thales Completes the Acquisition of Imperva
Thales announces that it has completed the
acquisition of Imperva, earlier than expected (previously foreseen at the
beginning of 2024). This is a key milestone for Thales, creating a global
leader in cybersecurity, with more than 5,800 cybersecurity experts across 68
countries and €2.4bn in cybersecurity revenue expected in 2024, including civil
and defence activities, with double-digit growth expected thereafter. This
transaction will generate significant value creation for Thales’ shareholders
in line with the targets communicated in July 2023, when announcing the
acquisition. In addition, the profile of Thales’ Digital Identity and Security
(DIS) activity will be significantly enhanced with new financial targets by
2027 (2024-2027 organic sales growth of +6 to +7% and 2027 EBIT margin at
16.5%).
Patrice Caine, Chairman and Chief Executive Officer of Thales, said: “The
acquisition of the US company Imperva is an important day for Thales, as it
marks a new step in the expansion of our global cybersecurity capabilities for
enterprises and governments around the world. We are very excited to welcome
the Imperva teams to Thales. The combination of our entities' values and our
joint commitment to a future of trust will create significant synergies,
business opportunities and major market innovations. With ever-increasing cyber
threats against business and government digital infrastructure, Thales is now
uniquely positioned to help customers protect the heart of their digital
ecosystem: applications, data and identities.”
Data-Centric Security spanning across Applications, Data and Identities
Together, Thales
and Imperva will help customers address cybersecurity challenges that have
increased rapidly in frequency, severity, and complexity, with the most
comprehensive solutions for the broadest range of application, data
security, and identity use cases. These three market segments combined
are forecasted to grow significantly in the coming years. According to
analysts’ forecast, worldwide end-user spending is projected to total around
$20 billion in 2024.
With the addition
of Imperva, Thales’ expanded cybersecurity portfolio now offers a highly
complementary combination of solutions to help customers secure applications,
data and identities across their entire digital ecosystem:
· Application
Security: Unified protection for every application and API in the cloud,
on-premises, or in a hybrid model. The market leading product suite includes
Web Application Firewall (WAF), Distributed Denial of Service attack (DDoS)
Protection, Advanced Bot Protection, Application Programming Interface (API)
Security, a developer-friendly Content Delivery Network (CDN), and Runtime
Application Self-Protection (RASP).
· Data Security: Protection and
control of access to sensitive data anywhere whether at rest, in motion or in
use. The product suite includes the CipherTrust Data Security Platform, Imperva
Data Security Fabric, as well as the Luna and payShield Hardware Security
Modules, often used as the root of trust for cryptographic operations.
· Identity &
Access Management: seamless, secure and trusted access to applications and digital
services for customers, employees and partners. The product suite includes the
OneWelcome Identity Platform and SafeNet Trusted Access.
“As a long-standing partner of both Thales and Imperva, we at Exclusive
Networks are delighted with the combination of two companies that we know and
value,” said Jesper Trolle, CEO Exclusive Networks. “This
acquisition marks a key step in Thales' ambition to become a global leader in
cybersecurity, reinforcing its strength in data security and expanding into the
buoyant application security market. With this new combined value proposition,
Thales will be uniquely positioned to offer even more innovative and effective
solutions to address the growing security and compliance challenges faced by
organisations around the world.”
This is Thales’ ninth acquisition
in the digital security area over the last nine years, and the second largest
in the Group's history after Gemalto, world leader in digital
security. After the completed acquisitions of Tesserent, the leading player
in cybersecurity in Australia, S21sec & Excellium, two major players
in cybersecurity consulting, integration and managed services in Europe,
and OneWelcome, a European leader in Customer
Identity and Access Management, the integration of Imperva within Thales will
position the Group’s cybersecurity business as one of the top 5 global leaders
in cybersecurity.
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