Thales Group has announced plans to acquire California-based data protection company Vormetric for $400 million to expand its cybersecurity operations. The transaction is subject to customary closing conditions, and is expected to complete during the first quarter of 2016. Thales aims to use Vormetric assets to expand their cybersecurity product development. The company says Vormetric technologies will work well with Thales eSecurity activies, which already protect network data for 19 of the 20 largest banks in the world.
