• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»France’s Thales to buy Imperva in $3.6 bln cybersecurity deal
Business

France’s Thales to buy Imperva in $3.6 bln cybersecurity deal

July 25, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
  • Biggest acquisition since buyout of Gemalto
  • Valuation multiple raises questions among some analysts
  • Thales shares almost flat after fall in early trade

PARIS, July 25 (Reuters) – France’s Thales (TCFP.PA) said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion outside its historic defence business in the war against bots and hackers.

Thales’ move signals the group is ready to spend large sums to beef up its digital identity and security (DIS) division and take market share in the United States, where Imperva serves some of the biggest companies.

Thales said the price of the acquisition from buyout firm Thoma Bravo implied an enterprise value of 17 times 2024 operating earnings forecasts.

“It’s a significant amount,” said Nicolas Arpagian, vice-president at cyberconsulting firm HeadMind Partners, adding it was unusual to see a large French corporation buy such an asset from a private equity firm.

“Now, there’s the whole question of integration: software is a living product, you need well-trained people to steer it, drive it and constantly adapt it.”

Shares in Europe’s largest defence electronics provider, which also makes civil aircraft parts and digital security systems, fell almost 2% in early trading and were down by 0.4% at 1035 GMT.

Thales said buying Imperva would generate around $110 million of pretax synergies, including $50 million of cost savings and $60 million linked to revenue opportunities.

The combined business would have proforma revenues of 4.5 billion euros in 2024, rising to 5.4-5.5 billion in 2027.

See also  Feds’ Lifeline To Small Businesses Might Be ‘Death Knell’ For ‘Some’ Companies

Thales defended the purchase price, saying it was paying 6.1 times sales for a business that Thoma Bravo had bought at a multiple of five times while in the meantime making it profitable.

Those valuations had more recently been closer to 7-8 times sales after soaring as high as 18-20 times during a market bubble at the end of last decade.

“We are very comfortable with the level of valuation that we put on the table,” CEO Patrice Caine told reporters.

“This really changes our scale in civil cybersecurity,” he told analysts.

Cyberattacks have become the top worry for global corporate executives, according to a recent survey by PwC. France last year opened a dedicated campus outside Paris to tackle hacking.

Thales said the deal would deliver a medium-term boost to its earnings per share and add close to $500 million in revenue.

Talks with Thoma Bravo, which has built a large portfolio of cybersecurity assets, started in the first quarter and accelerated over the last three months, two sources close to the matter said.

The acquisition is Thales’ biggest since it bought digital identity company Gemalto in 2019 for $5.6 billion.

Thales said the deal would close in 2024 subject to approvals, and did not anticipate significant hurdles.

Morgan Stanley and Centerview Partners acted as financial advisers to Thales.

(This story has been refiled to correct the spelling of Thoma Bravo in paragraphs 3, 9 and 15)

Reporting by Sudip Kar-Gupta; Editing by Bernadette Baum and Mark Potter

: .

Mathieu is part of Reuters’ finance team, covering French banks and major M&A stories in the country and in Europe. A graduate of Sciences Po university, Mathieu previously covered the Tech beat at Reuters, following stints at Bloomberg News and French business daily Les Echos.

See also  All Panera Stores Displaying Warning About Its Caffeinated Lemonade Following Lawsuit Over Customer’s Death
bln buy cybersecurity Deal Frances Imperva Thales
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

‘Breaking Bad’ Actor Dead At 52

June 11, 2023

FedEx Stock Slumps On Mixed Results, Soft Guidance

June 20, 2023

Bruno Mars Show in Israel Canceled Following Attack by Hamas

October 8, 2023

Benfica, Enzo Fernández and a Champions League Question: What If?

April 13, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Federal Lawsuit Accuses NY Knicks Owner James Dolan, Media Mogul Harvey Weinstein of Sexual Assault

January 18, 2024

Bitcoin hits highest level since April as traders get bullish on ETF news

June 22, 2023

‘We’ve Lost Control of’ Asylum System, But Biden’s Not Doing Bad, Trump Had ‘Right Idea’ Pushing Mexico

November 5, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.