Thales completes nCipher acquisition
Thales today announces that its acquisition of nCipher PLC (NCH .L), purchased for £50.7 million in cash, became effective on Friday 10 October.
nCipher is a leading supplier of encryption products for organizations that need to protect sensitive data. nCipher is delivering solutions in the fields of key management and cryptographic hardware. nCipher operates a network of partners and offices in the UK, Europe, the Asia Pacific region and the USA, with customers including government, financial institutions and enterprises.
The acquisition develops further Thales's information and communications systems security business by combining the complementary expertise of the two companies in order to broaden Thales's encryption products portfolio and expand our Professional Services offering. It will also add nCipher's network of regional offices to Thales's international network, thereby creating a wider distribution base.
Alex Dorrian, CEO Thales UK and EVP Thales International Operations, says: “Following the successful acquisition of nCipher, we are now set to start the integration of the two businesses. We are looking forward to welcoming the nCipher employees into the Thales family and to strengthening Thales's leadership in the information and communication security market.”
Olivier Houssin, EVP Thales Security and Services, says : “The nCipher acquisition will enhance the combined group's reputation as one of the most technologically advanced players in the information and communication systems security market. By integrating nCipher, Thales will have the industry's most complete information security portfolio securing mission critical data.”