Home / M&A Activity / Patrice Caine: Thales Closes $424M Buy of Vormetric in Cyber Market Push

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.

Check Also

Perspecta Labs Recognized for Cybersecurity Innovations Under DARPA Program; Mac Curtis Quoted

Perspecta's (NYSE: PRSP) applied research arm has been selected to receive a 2019 Industry Innovator award for introducing three cybersecurity technology platforms through the Defense Advanced Research Projects Agency’s Rapid Attack Detection, Isolation and Characterization Systems program.

Boeing, Navy Conduct First MQ-25 Unmanned Tanker Test Flight

Boeing (NYSE: BA) and the U.S. Navy completed the initial flight test of the MQ-25 unmanned aerial refueling platform.