Thales, a multinational technologies company listed on Euronext Paris, has announced plans to acquire US-based cybersecurity company Imperva. The deal, agreed with software investment firm Thoma Bravo, is valued at $3.6 billion. The closing of the transaction is expected at the beginning of 2024, pending customary anti-trust and regulatory approvals.
Imperva, headquartered in San Mateo, California, specializes in protecting critical applications, APIs, and data at scale. The company has global operations across the Americas, Asia Pacific, Europe-Middle East, and Africa. It generated over half a billion dollars in trailing twelve-month revenue in 2022 and employs over 1,400 people.
Upon completion of this acquisition, Thales plans to consolidate all its civil cyber activities within its Digital Identity & Security (DIS) operating segment from January 1, 2024. Currently, these activities are split between the DIS and Defense & Security operating segments.
The integrated operations of Thales and Imperva will create a global cybersecurity portfolio around three product areas: Identity (Thales), Data Security (Thales and Imperva), and Application Security (Imperva).
[Image courtesy: Imperva]