Thales boosts cybersecurity credentials with $3.6bn Imperva acquisition

 Here's a quote from the source site...

The French defence contractor sees a future in cyber – as well as kinetic – warfare, and is building its business accordingly.

Thales is beefing up its cybersecurity offering with the acquisition of US vendor Imperva for $3.6bn. The news, which comes hot on the heels of the company’s planned $1.1bn purchase of Cobham Aerospace Communications, reflects a growing focus on cyber – rather than kinetic – warfare from the French defence contractor.

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Shares in Thales fell when the announcement was made on Tuesday morning. Imperva is currently owned by tech private equity firm Thoma Bravo, and the deal is expected to close next year, a Thales statement said.

What is Thales getting by purchasing Imperva?

Founded in 2002, US-headquartered Imperva operates in 180 countries around the world. Providing application and data security products, it claims to count 35% of the Fortune 100 list of largest US companies among its client base. Customers listed on its website include the Discovery TV channel, data centre provider NTT and UK online gambling site Betfred.

It has been owned by Thoma Bravo since 2019, when it was delisted from the New York Stock Exchange. As such, it does not release detailed financial reports, but Thales says the company is on track for “double-digit sales growth” by 2027, and that the acquisition will add $500m to its annual revenue.

Read more at https://techmonitor.ai/technology/cybersecurity/thales-imperva-cybersecurity

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