Thales, a Meudon, France-based company which specializes in cybersecurity technologies, acquired Imperva, a San Mateo, CA-based cybersecurity company.
The all-cash transaction valued Imperva at approximately $3.6 billion.
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.
Founded in 2002 by Shlomo Kramer, Amichai Shulman and Mickey Boodaei, Imperva is a cyber security software and services company which provides protection to enterprise data and application software.
Led by CEO Patrice Caine, Thales (Euronext Paris: HO) is a company which specializes in advanced technologies within three domains: Defence & Security, Aeronautics & Space, and Digital Identity & Security. It develops products and solutions that help make the world safer, greener and more inclusive. The Group invests close to €4 billion a year in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity. Thales has 77,000 employees in 68 countries. In 2022, the Group generated sales of €17.6 billion.
The acquisition 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%).
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