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July 25, 2023
French multinational company Thales is acquiring Imperva, a U.S.-based data and application security company, from Thoma Bravo, for $3.6 billion.
Thales said it’s taking its cybersecurity business to the next level with this acquisition. Imperva will enable growth in data security and mark Thales’ entry into the application security market.
Imperva’s integration into Thales will significantly expand Thales’ addressable market in an already fast-growing sector.
The app security acquisition should close by the beginning of 2024 upon completion of customary antitrust and regulatory approvals.
Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.
Thales isn’t commenting about the acquisition beyond its announcement.
Thoma Bravo completed its $2.1 billion acquisition of Imperva four-and-a-half years ago. Under Thoma Bravo’s ownership, Imperva acquired Distil Networks, jSonar and CloudVector, strengthening its product offerings and capabilities.
Patrice Caine, Thales’ chairman and CEO, said the acquisition of Imperva marks a “major milestone” in Thales’ cybersecurity strategy.
Thales’ Patrice Caine
“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,” he said. “We have tremendous respect for Imperva’s innovative application and data security offerings. Imperva and Thales share the same vision and the same DNA. We are thrilled to enter the next phase of our growth together. We look forward to welcoming Imperva to Thales to further enhance our cybersecurity solutions, and help customers address their most important digital security challenges.”
Imperva has customers in the Americas, Asia Pacific and EMEA, and monitors threats across 180 countries. It serves about 35% of Fortune 100 companies and some of the largest groups in financial services, telecommunications, energy, health care, retail and e-commerce.
With this acquisition, Thales will add about $500 million in revenue, and expand its data and app security offering. The combination of Thales and Imperva’s operations will create a global cybersecurity portfolio structured around three product areas: identity (Thales); data security (Thales and Imperva); and application security (Imperva).
Imperva’s Pam Murphy
Pam Murphy, Imperva‘s CEO, said the acquisition represents an “exciting new chapter” for her company, one that will further its mission to help organizations protect data and all paths to it, bring better protection and strategic value to its customers and partners, and create more opportunities for team members.
“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 organizations today: protecting digital identities, applications, APIs and data in any environment, and any industry,” she said.
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