Based in the US, the data and application cybersecurity firm offers protection to critical applications, application programming interfaces, and data anywhere, at scale, to safeguard organisations through all stages of their digital journey
Imperva to be acquired by Thales in $3.6bn deal. (Credit: Cinerama14/Wikimedia Commons)
French advanced technologies company Thales has agreed to acquire data and application cybersecurity firm Imperva from Thoma Bravo in a deal worth $3.6bn.
Based in the US, Imperva helps organisations in protection of critical applications, application programming interfaces (APIs), and data anywhere, at scale.
By combining edge, application security, and data security, the firm is said to safeguard companies through all stages of their digital journey.
Imperva CEO Pam Murphy said: “We admire Thales’ vision and culture, and believe that, together, we can deliver greater product innovation and efficiency through disruptive solutions, while helping to simplify the greatest security challenges facing organisations today: protecting digital identities, applications, APIs, and data in any environment, and any industry.”
Through the acquisition, Thales aims to bolster its cybersecurity business, which is expected to generate revenues of over €2.4bn.
Besides, Thales will add about $500m of revenue and substantially grow its data and application security offering.
Furthermore, the combination of Thales and Imperva’s operations will build a cybersecurity portfolio structured around three product areas. The product areas are identity, data security, and application security.
The French technology company also said the acquisition will generate about $110m pre-tax run-rate synergies, including $50m cost synergies and $60m linked to revenue synergies.
Thales chairman and CEO Patrice Caine said: “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.”
Subject to customary anti-trust and regulatory approvals, the transaction is anticipated to be completed at the beginning of next year.