Thales to Buy Data Security Firm Vormetric for $400M; Patrice Caine Comments

Patrice Caine
Patrice Caine

Thales has agreed to purchase San Jose, California-based security firm Vormetric for approximately $400 million as the companies seek to further their enterprise data protection initiatives.

The transaction is subject to customary closing terms and is scheduled to close in the first quarter of 2016, Thales said Monday.

Patrice Caine, CEO of Thales, said the company aims to combine its information technology systems protection technology and Vormetric’s data security expertise into a single enterprise cybersecurity portfolio.

Vormetric designed its platform to help organizations protect databases, files and applications in physical and cloud computing networks.

France-based Thales believes Vormetric’s platform will complement Thales subsidiary e-Security‘s efforts to protect information and networks of clients in the financial services and technology sectors.

You may also be interested in...

Brandon Wales Acting Director CISA

Brandon Wales: CISA’s New Campaign Aims to Help Public, Private Sectors Defend Against Ransomware

The Cybersecurity and Infrastructure Security Agency has launched a campaign to promote the use of cybersecurity tools and best practices to increase ransomware threat awareness across the public and private sectors.

The White House

President Biden Issues COVID-19 Data Collection Order

President Joe Biden has ordered federal agencies to work with the government's COVID-19 response coordinator in efforts to collect, publish and share pandemic-related data and address disinformation or misinformation campaigns regarding the public health crisis.