Thales eSecurity, a provider of data protection solutions to the financial services, high tech manufacturing, government and technology sectors, announced on Monday that it has signed a definitive agreement to acquire data protection firm Vormetric for $400 million. Vormetric offers encryption, key management, access policy, and privileged user control to help customers protect sensitive information. Vormetric’s data protection offerings will combine with Thales eSecurity solutions, such as its hardware security modules (HSMs), which protect critical networks and data of 19 of the 20 largest banks in the world and many technology companies, the company said. "The acquisition of Vormetric is a great opportunity to accelerate the growth of our cybersecurity activities,” Patrice Caine, Chairman and CEO of Thales, said in a statement.
