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Thales secures Vormetric to help customers secure data in the cloud

Oct 20, 2015 - The Deal Pipeline

French transport and defense giant Thales SA on Monday, Oct. 19, agreed to buy venture capital-backed Vormetric Inc. as it continues to spend to expand its cybersecurity business to keep up with corporate demand for computing power from the cloud.

Paris-based Thales said it would pay $400 million for Palo Alto, Cal.-based Vormetric to add the target's data-protection business to its online security business, which already includes hardware designed to keep unauthorized users away from netw...