Vormetric to Be Acquired by Thales for $400 Million
On October 19, 2015, Thales, a global provider of high performance encryption and digital signature technology, announced that it has signed a definitive agreement to acquire Vormetric, a leading provider of data protection solutions in physical, virtual, and cloud infrastructures, for $400 million. Wilson Sonsini Goodrich & Rosati advised Vormetric in the transaction.
According to a Thales press release, the acquisition of Vormetric will further extend its cybersecurity capabilities and will offer its customers a comprehensive data protection suite of solutions for protecting enterprises against cybersecurity threats at the highest levels of assurance.
The transaction is subject to customary closing conditions and expected to close during the first quarter of 2016.
The WSGR team advising Vormetric includes:
Josephine Aiello LeBeau
Employee Benefits & Compensation
Myra Sutanto Shen
For more information, please see the press release announcing the transaction.