Thales has signed a definitive agreement to acquire Vormetric, a provider of data protection solutions in physical, virtual and cloud infrastructures, for US$400 million. The transaction is subject to customary closing conditions and expected to close during the first quarter of 2016.
Leveraging a range of data-centric security technologies, Vormetric provides efficient sensitive data protection. Thales believes Vormetric’s product offerings combine perfectly with its e-Security activities, which already hold a leading position in hardware security modules (HSMs), protecting critical networks and data of 19 of the 20 largest banks in the world and leading technology companies.
When the acquisition is completed, Thales will further extend its cyber security capabilities and offer its customers a comprehensive data protection suite of solutions for protecting enterprises against cyber security threats at the highest levels of assurance.
Headquartered in San Jose, California, Vormetric is particularly strong in data security solutions that protect data-at-rest across physical, big data and cloud environments. With a workforce of 200 employees, Vormetric helps over 1,500 enterprises, including 17 of the US top 30 companies, to protect their sensitive data from both internal and external threats.
The company’s scalable Vormetric Data Security Platform protects any file, any database and any application’s data — anywhere it resides — with a high performance, market-leading solution set. The company revenues are on pace to reach US$75 million for the current fiscal year.