Thales has finalised the acquisition of Tesserent following Tesserent shareholders’ approval of the implementation of the binding Scheme and other required regulatory approvals.
Thales announced its proposed acquisition of Tesserent in June this year. With a 2022 turnover of A$185 million (circa €110 million) and ~500 employees across 9 offices, Tesserent is a leading player in cybersecurity in Australia, providing a full suite of cybersecurity solutions and services to medium and enterprise-level organisations.
Jeff Connolly, CEO Thales Australia and New Zealand said, “We’ve seen the significant pipeline of cyber-security work coming in Australia, and it makes sense as a provider of sovereign solutions to scale up in cyber security.”
Mr. Connolly added, “The marriage of Thales and Tesserent creates a sovereign cyber security provider like no other because it links Thales as a trusted partner with Government with Tesserent’s outstanding capability in cyber, especially in the defence, security and critical infrastructure sectors. We will be very well positioned to help Government achieve its ambition of Australia being one of the most cyber-secure countries by 2030”.
Pierre-Yves Jolivet, Vice-President, Cyber Defense Solutions, Thales said, “As part of Thales’ development strategy on one of its core businesses – cybersecurity – the Group is further anchoring its managed services expertise locally through the acquisition of Tesserent, while promoting the sharing of know-how and common solutions that will benefit all Thales cyber teams worldwide. We are proud that Thales cyber solutions, guided by the sovereign interest of States, are helping build a more resilient world.”
Thales’ offer is focused on three families of cybersecurity products and services:
- Global security products around the broader cloud protection & licensing offerings and the following product areas:
- Identity
- Data security
- Application security
- Sovereign protection products including encryptors and sensors to protect governmental, and institutional critical information systems.
- A complete suite of cybersecurity services around Cybels solutions portfolio, including threat and risk evaluation, training and simulation, detection and response, and integration projects. Tesserent is part of this business.
