Thales has agreed to acquire U.S.-based Imperva from Thoma Bravo, a software investment firm, for $3.6 billion.
Imperva, which employs some 1,400, develops cybersecurity applications to protect critical applications, APIs, and data. Headquartered in San Mateo, California, the company has a global footprint in the Americas, Asia-Pacific, Europe, the Middle East, and Africa, and monitors threats across 180 countries.
“The acquisition of Imperva marks a major milestone in Thales’ cybersecurity strategy. With this acquisition, we are seizing a unique opportunity to accelerate our cybersecurity capabilities and are taking an important step towards our ambition to build a world-class global cybersecurity integrated player, providing a comprehensive portfolio of products and services,” said Thales chairman and CEO, Patrice Caine.
With this acquisition, Thales said it will add around $500 million of revenue and significantly expand its data and application security offering. The combination of Thales and Imperva’s operations will create a cybersecurity portfolio structured around three product areas:
- Identity (Thales)
- Data security (Thales and Imperva)
- Application security (Imperva)
This acquisition is the latest in Thales’ move to expand its offerings in the cybersecurity sector. Last year, in October 2022, Thales completed the acquisition of two European cybersecurity companies, S21sec (in Spain and Portugal) and Excellium (in Belgium and Luxembourg), which were gathered under the holding company Maxive Cybersecurity. The deal was first announced in May 2022. Terms were not disclosed.
Earlier, in July 2022, Thales acquired OneWelcome, a European provider of customer identity and access management services, for a total consideration of EUR100 million.
The Imperva deal is expected to close in 2024 subject to approvals. Thales said it does not expect any issues.
As part of this growth, Thales plans to regroup all its civil cyber activities (currently split between its Digital Identity & Security (DIS) and Defense & Security operating segments) within DIS beginning in 2024. This will further strengthen DIS’ position as a go-to player for civil cybersecurity products and solutions, and facilitate the capture of synergies within the full portfolio, the company said.
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