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Enterprise Security Magazine | Tuesday, January 18, 2022
Thales has signed a deal with Sonae Investment Management to acquire two European leading cybersecurity companies and expand its services
FREEMONT, CA: Thales recently has signed a definitive agreement with Sonae Investment Management to amass two of the European leading cybersecurity companies, S21sec and Excellium, gathered under the holding company Maxive Cybersecurity. This acquisition will augment Thales’ cybersecurity portfolio, strengthening its incident detection and response services and consulting, audit and integration services.
This agreement results in extensive industry expertise and a concrete, diversified customer base of industrial companies and critical infrastructure providers. This includes a range of features such as financial services and government and public services, which will account for more than 50% of the company’s revenue in 2021.
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This deal is significant as it paves the way for substantial developments in combating cybercrime as S21sec and Excellium are two critical players in cybersecurity consulting, integration and managed services in Europe. Together, they employ 546 people and have generated sales of 59 million euros in 2021. Using this acquisition, Thales has accelerated its cybersecurity development roadmap and extended its footprint in Spain, Portugal, Luxembourg, and Belgium.
Thales consists of a module known as the Cybel solutions portfolio, a complete package of cybersecurity services including risk assessment, training and simulation, and cyberattack detection and response. The company also keeps tools such as encryptors and sensors to protect critical information systems. Regarding licensing offerings and ensuring adequate cloud protection, Thales consists of 3 core divisions that offer service solutions: the CipherTrust data security platform and the Safenet Trusted Access Identity and Access Management.
In 2022, Thales has launched a plan to hire 11,000 people worldwide, including 1,000 in cybersecurity. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to be completed during the second half of 2022.
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