Thales announced that it has reached an agreement with Thoma Bravo, a leading software investment firm, for the acquisition of 100% of Imperva, a leading in US-based data and application cybersecurity for a value of $3.6 billion.
- With this acquisition, Thales takes its cybersecurity business to the next level. Imperva will enable the growth of data security and Thales’ entry into the application security market. Thales’ total cybersecurity business will generate over €2.4 billion in revenues.
- The transaction price is US$3.6 billion.
- customary antitrust and regulatory approvals.
Patrice Caine, President and CEO of Thales, stated: “The acquisition of Imperva is an important 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 create a world-class integrated global cybersecurity player by providing a comprehensive portfolio of products and services. We have great respect for Imperva’s innovative offerings and data and application security. Both companies share the same vision and the same DNA. We can’t wait to enter the next phase of our growth together. We look forward to welcoming Imperva to Thales to further improve our cybersecurity solutions and help customers address their most important digital security challenges.”
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Pam Murphy, CEO of Imperva, stated: “Announcement represents a new chapter in the history of Imperva and will further our mission to help organizations protect data and all pathways to it, bring better protection and strategic value to our customers. and partners, and create more opportunities for our team members. We admire Thales‘ vision and culture, and believe that together we can deliver greater product innovation and efficiency through disruptive solutions, helping to simplify the biggest security challenges facing organizations today: protecting digital identities, applications, APIs and data in any environment and industry.”
Seth Boro, managing partner of Thoma Bravo, stated: “Imperva is a leading force in cybersecurity with an impressive track record of delivering cutting-edge security solutions and protecting customers at every stage of their digital transformation, from the application level to the data level. Over our four-plus years of partnership, Imperva has further differentiated itself in the competitive cybersecurity market through accelerated growth and innovation, with its unique approach to end-to-end data and application security. During that time, the company successfully executed three acquisitions that strengthened its product offerings and capabilities to better protect customers’ critical data and applications.
Acquisition of a key player in data and application security
With more than half a billion dollars in revenue over the last 12 months in 2022, and more than 1,400 employees, Imperva is a leader in cybersecurity, protecting critical applications, APIs and data anywhere and at scale. With an integrated approach that combines cutting-edge security, application security and data security, Imperva protects companies at every step of their digital journey.
SOURCE: Businesswire