Thales, a prominent player in the global market, has recently announced its acquisition of Imperva, a leading US-based data and application cybersecurity company. thales cybersecurity imperva

This acquisition, valued at $3.6 billion, marks a significant step in Thales‘ cybersecurity strategy, propelling its business to new heights.

A Strategic Acquisition for Growth in Cybersecurity

Imperva’s integration into Thales’ operations will significantly expand Thales’ addressable market in an already fast-growing sector. The acquisition will enable Thales to penetrate the attractive application security market and stimulate growth in data security. Consequently, Thales’ total cybersecurity business is projected to generate revenues exceeding €2.4 billion.

Value Creation for Thales Shareholders

The transaction promises significant value creation for Thales shareholders, with an estimated $110 million of run-rate cost and revenue synergies. The financial profile of Thales’ Digital Identity and Security (DIS) segment is expected to be enhanced, with significant medium-term adjusted EPS accretion. The transaction’s adjusted ROCE is expected to surpass WACC in Year 5 post-closing.

A Major Milestone in Thales’ Cybersecurity Strategy

Patrice Caine, Chairman and Chief Executive Officer, Thales, expressed his enthusiasm about the acquisition, stating, “The acquisition of Imperva marks a major milestone in Thales’ cybersecurity strategy. 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.”

Imperva’s Global Presence and Expertise

Imperva, with over half a billion dollars in revenue on a TTM (trailing twelve months) in 2022, basis and over 1,400 employees, is a cybersecurity leader that protects critical applications, APIs, and data anywhere at scale. Headquartered in San Mateo, California, the company has a global footprint in the Americas, Asia Pacific, and Europe-Middle East and Africa, and monitors threats across 180 countries.

Thales’ step-change in cybersecurity thales cybersecurity imperva

Cybersecurity represents a priority market for Thales. It is both a critical enabler for its other activities and a long-term fast-growing and technology-driven market where Thales can bring unique know-how.

As a global leader in cybersecurity, Thales is involved at every level of the cyber value chain: Identity, Protect, Detect, Respond, Recover.

Thales’ offer is focused on three families of cybersecurity products and services:

1. Global security products around the CipherTrust Data Security Platform, the SafeNet Trusted Access Identity & Access Management as a service solution, and the broader cloud protection & licensing offerings. Imperva will be part of this business.
2. Sovereign protection products including encryptors and sensors to protect governmental, and institutional critical information systems.
3. A complete suite of cybersecurity services around Cybels solutions portfolio, including threat and risk evaluation, training and simulation, detection and response, and integration projects.

As part of its strategy, Thales has significantly increased its focus on cybersecurity over the past years, expanding its footprint and offering in order to achieve critical mass. After the recent Group offer for Tesserent and the completed acquisitions of S21sec & Excellium and OneWelcome, this new acquisition, subject to regulatory approvals, takes Thales’ cybersecurity business to the next level.

The Future of Thales and Imperva thales cybersecurity imperva

The closing of the transaction is expected by the beginning of 2024, subject to the completion of customary anti-trust and regulatory approvals. With this acquisition, Thales is set to create a world-class global cybersecurity leader, providing a comprehensive portfolio of products and services.