Thales to Acquire Data Protection Solution Provider Vormetric for $400 Million


​Orrick is advising aerospace, defense and security multinational Thales (Euronext Paris: HO) on its agreement to acquire Silicon Valley company Vormetric, a leading provider of data protection solutions in physical, virtual and cloud infrastructures, for $400 million.

“We are delighted to support our longtime client Thales with this acquisition” said Orrick M&A Partner Richard Vernon Smith, who is leading the Orrick transaction team.

Orrick’s team is led by Smith and includes John Bautista, Steve Malvey, Nancy Chen, Daniel Yost, Harry Clark, Hari Raman, Scott Pearsall, Mike Yang and Kim Loocke.

The acquisition is subject to customary closing conditions, it is expected to close during the first quarter of 2016.