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Thales Acquires Vormetric Cyber Firm

Rich Abott By
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Thales Acquires Vormetric Cyber Firm

Thales signed an agreement to acquire Vormetric, a provider of data protection solutions in physical, virtual, and cloud infrastructures, for $400 million, the company said Monday.The acquisition is subject to routine closing conditions and is expected to fully close in the first quarter of 2016.Vormetric is headquartered in San Jose, Calif., with a workforce of 200 employees. The company helps over 1,700 enterprises protect sensitive data from internal and external threats. One of its signature products is the Vormetric Data…

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