Imperva (from Linkedin)
Israeli-founded cybersecurity company Imperva is getting bought out by French multinational company Thales for $3.6 billion. Imperva is currently owned by private equity firm Thoma Bravo, which bought the company for $2.1 billion in 2018.
Thales said that with the acquisition of Imperva the firm is taking its cybersecurity business to the next level. Imperva, said Thales, will enable growth in data security and Thales’ entry into the attractive application security market. Thales total cybersecurity business will generate more than €2.4 billion ($2.7 billion) in revenues.
Founded in 2002 by Amichai Shulman and Mickey Boodaei, Imperva calls itself a cybersecurity leader with a mission to protect data and all paths to it. The company states that it protects the data of over 6,000 global customers from cyber attacks through all stages of their digital transformation.”Our products are informed by the Imperva Research Lab, a global threat intelligence community, that feeds the latest security and compliance expertise into our solutions,” explains Imperva.
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Imperva has a highly recurring revenue business model and a large and diversified customer base. It serves approximately 35% of Fortune 100 companies and some of the largest groups in financial services, telecommunications, energy, healthcare, retail and e-commerce.
Imperva is 9-time awarded in the Gartner Magic Quadrant for Web Application Firewalls and API Protection (WAAP) and a Gartner Peer Insights Customers’ choice in 2023.
Imperva also demonstrates an attractive financial profile, with double-digit sales growth and ~20% EBIT margin forecasted by 2027, in line with Thales global cybersecurity product business.
“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.
