Hello, Guest!
  • Friday, November 22, 2024

Patrice Caine: Thales Closes $424M Buy of Vormetric in Cyber Market Push

 

Patrice Caine
Patrice Caine

Thales Group has closed its acquisition of San Jose, California-based data protection technology vendor Vormetric after the French conglomerate obtained regulatory clearance for the estimated $424 million transaction.

Patrice Caine, CEO of Thales, said in a statement issued Thursday the company will integrate Vormetric into its e-Security business in a push to help organizations secure high volumes of sensitive data.

The integrated business will work with enterprise customers to help manage the cyber posture of their data centers and cloud computing systems as well as comply with data privacy laws, Thales noted.

Thales first announced the deal in October last year.

Thales’ e-Security subsidiary offers a portfolio of hardware security module, network encryption, key management and time stamping platforms.

 

Video of the Day

Related Articles

Thales Expands US Footprint With Acquisition of Cybersecurity Company Imperva M&A Activity

Thales Expands US Footprint With Acquisition of Cybersecurity Company Imperva

Thales has closed its acquisition of Imperva, a San Mateo, California-headquartered cybersecurity software and services provider, in a move that made North America the second largest country of operations for the French multinational company. Patrice Caine, chairman and CEO of Thales, said in a statement published Monday, “The acquisition of the US company Imperva is

Kylie Allen Takes on CFO Role at Sagewind-Backed By Light Executive Moves

Kylie Allen Takes on CFO Role at Sagewind-Backed By Light

Kylie Allen, executive vice president and chief financial officer of Axient for the past two years, has been appointed to the CFO position at By Light, a portfolio company of New York-based private equity firm Sagewind Capital. In a LinkedIn post published Tuesday, Allen shared he will succeed John South, who will retire after a

Thales Receives $100M Army Radio Order; Mike Sheehan Quoted Contract Awards

Thales Receives $100M Army Radio Order; Mike Sheehan Quoted

Thales will provide an additional 4,000 two-channel handheld radios to the U.S. Army under a $100 million delivery order. The full-rate production order is the fifth award made under the Army’s Leader Radio Program for the AN/PRC-148D Improved Multiband Inter/Intra Team Radios, the company said Wednesday. This new award brings the branch’s total order for