We have some exciting news to share. We are pleased to announce that Thales has signed a definitive agreement to acquire Vormetric Data Security, a leading provider of data protection solutions in physical, virtual and cloud infrastructures. This acquisition will have a positive impact on both of our companies and most importantly on our customers and partners.
The proliferation of data breaches and the growing demand for data privacy compliance has increased the need to protect data – whether it be data at rest, data in motion or data in use. With the cybersecurity market expected to grow to $170 billion by 2020, we see a high demand for comprehensive information security solutions that protect data across the whole lifecycle. It is now more critical than ever to leverage a range of data-centric security techniques that protect where the data is stored, and provide protection that moves with the data.
The Vormetric solution strengthens Thales eSecurity’s position by providing a clear foundation in the security application space. By complementing our data protection and key management solutions we can further help protect enterprises against cybersecurity threats. The combined company will provide our customers with comprehensive solutions that provides key management, application encryption, transparent encryption, tokenization, and data masking. This combination between Thales eSecurity and Vormetric will provide our customers and partners globally seamless data-centric protection across the enterprise securing the most critical data in the most critical places.
Click here to read the press release announcing this exciting news.
Press comment
Cindy Provin, President, Thales eSecurity, Inc., says:
“I'm excited to announce that Thales has signed a definitive agreement to acquire Vormetric Data Security. This acquisition expands our position in data protection for cloud and big data. Vormetric, provides a comprehensive and unified platform of data security solutions that protect data-at-rest across physical, big data and cloud environments. Vormetric’s data security solutions expand Thales eSecurity offering in transparent encryption, application encryption, tokenization, and data masking complementing the Thales eSecurity market leading key management host security modules and provides a strong position for the protection of sensitive data in physical, virtual and cloud infrastructures. The combined business will offer customers market leading data protection capabilities to protect against the ever-growing cybersecurity threats. This is increasingly important for the enterprise as it leverages the cloud and big data.”