In a groundbreaking move, French firm Thales announces its acquisition of US-based data and application cybersecurity company Imperva, for a staggering $3.6 billion. This strategic partnership marks a significant milestone for Thales, propelling its cybersecurity endeavors to new heights.
With a keen focus on strengthening data security and making a bold entry into the lucrative application security market, Thales is primed to reach unprecedented revenues of over €2.4 billion from its cybersecurity business.
Patrice Caine, Chairman and CEO of Thales, expresses enthusiasm for the venture, emphasizing the alignment of vision and DNA between Imperva and Thales. This collaboration signals Thales' ambition to become a world-class global cybersecurity integrated player, offering a comprehensive range of products and services.
Anticipating substantial growth ahead, Thales sets ambitious targets for its Digital Identity and Security (DIS) division, with projected organic sales growth of 6% to 7% from 2024 to 2027 and a targeted EBIT margin of 16.5% by 2027.
The union of these cybersecurity titans ushers in a new era of digital security, equipped to address the most pressing challenges of our ever-evolving digital landscape.