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

Jon Hill Director MDA

Vice Adm. Jon Hill on MDA’s Move to Pause Defensive Hypersonic Missile Design Program

Vice Adm. Jon Hill, director of the Missile Defense Agency, said MDA has decided to delay the defensive hypersonic missile design effort to focus on near-term options, Defense News reported Tuesday.

Fisher Industries

Fisher Industries Lands Potential $290M CBP Laredo Sector Border Construction Contract

Fisher Industries has received a potential $289.5M contract to build an additional 17 miles of border wall infrastructure for the U.S. Border Patrol Laredo Sector's area of responsibility in Webb County, Texas.