Thales has reached an agreement with Thoma Bravo, a major software investment firm, for the acquisition of Imperva, a US-based data and application cybersecurity company, for $3.6 billion.

According to the company, its acquisition of Imperva will enable its growth in data security and entry into the application security market.

The company highlights that the transaction price is based on a $3.6 billion enterprise value and that closing of the transaction is expected by the beginning of 2024, upon completion of customary anti-trust and regulatory approvals.

Cybersecurity strategy

“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.

“We have tremendous respect for Imperva’s innovative application and data security offerings. Imperva and Thales share the same vision and the same DNA. We are thrilled to enter the next phase of our growth together. We look forward to welcoming Imperva to Thales to further enhance our cybersecurity solutions and help customers address their most important digital security challenges.”