French multinational company Thales is acquiring Israeli-founded cybersecurity company Imperva for $3.6 billion. Thales will be purchasing Imperva from private equity firm Thoma Bravo, which paid $2.1 billion for the company in 2018. Imperva was founded in 2002 by Amichai Shulman and Mickey Boodaei.
According to Thales, this acquisition will add approximately $500 million of revenue and over 1,400 employees. Imperva is headquartered in San Mateo, California, and is headed by CEO Pam Murphy. The company has an R&D center in Israel which employs hundreds of people.
Imperva’s products help organizations protect critical applications, APIs, and data. The company’s integrated approach combining edge, application security, and data security, aims to protect companies through all stages of their digital journey.
Thales, which has a market cap of over €27 billion (approximately $30 billion), operates mainly within three domains: defense and security, aeronautics and space, and digital identity and security. The Group invests close to €4 billion ($4.4 billion) a year in R&D, particularly in areas such as quantum technologies, Edge computing, 6G, and cybersecurity. Thales has 77,000 employees in 68 countries and in 2022, the Group generated sales of €17.6 billion, including more than €1.5 billion in sales generated through its cyber portfolio.
“The acquisition of Imperva marks a major milestone in Thales’ cybersecurity strategy. With this acquisition, we are seizing a unique opportunity to accelerate our cybersecurity capabilities and are taking an important step towards our ambition to build a world-class global cybersecurity integrated player, providing a comprehensive portfolio of products and services,” said Patrice Caine, Chairman and Chief Executive Officer of Thales.
“Today’s announcement represents an exciting new chapter for Imperva, one that will further our mission to help organizations protect data and all paths to it, bring better protection and strategic value to our customers and partners, and create more opportunities for our team members,” said Pam Murphy, CEO of Imperva.
