Friday, December 8 2023

Continuing its cybersecurity expansion strategy, Thales announces the signature of an agreement to acquire OneWelcome, a European leader in the fast growing market of Customer Identity and Access Management, for a total consideration of €100 million. OneWelcome’s strong digital identity lifecycle management capabilities will complement Thales’s existing Identity services (secure credential enrollment, issuance and management, Know Your Customer etc) in order to offer the most comprehensive Identity Platform in the market.

Headquartered in the Netherlands, OneWelcome provides cloud-based customer identity and access management for highly regulated industries, empowering them to securely connect customers as well as business partners to their online services. Currently, OneWelcome protects tens of millions of European identities for lighthouse customers like Malakoff Humanis, PostNL and the European Central Bank. Thales plans to leverage this regional expertise to address the global need for enhanced identity and data privacy management.

Indeed, OneWelcome business will particularly address the increasing need for convenient and secure access, as well as data privacy, which is essential in regulated markets, subject to GDPR compliance for instance. To be noted that one of the key OneWelcome’s expertise is to grant users a greater control of their information and data, across any platform or application as it helps manage their passwords and consent preferences.

With this acquisition, Thales will offer a comprehensive Identity Platform that will allow organisations of all sizes to manage internal and external identities, enabling them to bring new businesses online fast, improving operational efficiency and customer experience along the way, while meeting or exceeding regulatory compliance.

With 100+ employees and customers across Europe, OneWelcome is experiencing strong growth of over 30% year-on-year. OneWelcome will join Thales Digital Identity and Security global business unit. Gartner predicts that by 2023, 72% of organisations will be rolling out a CIAM initiative, versus 40% in 2020.

Danny de Vreeze, CEO of OneWelcome said: “Customer Identity – or CIAM – is a solution tailored for any organisation with a digital presence that need to securely manage external identities and provide intuitive access to their online services. We have a state-of-the-art service that is used by European customers to connect and protect millions of users. Our highly motivated team is thrilled to expand our product leadership into new markets using the global reach of Thales.”

Philippe Vallée, Executive Vice-President, Digital Identity and Security at Thales said: “The acquisition of OneWelcome is fully aligned with our expansion strategy within the cybersecurity space. OneWelcome’s talents and expertise in customer identity and access management complements and strengthens our authentication and data privacy portfolio as well as our plan to provide a trusted and frictionless digital experience. Nowadays, as we see a rapid increase in amount of data, cloud migrations, and new compliance mandates, it’s essential to offer secure, adaptive and convenient solutions that help our customers in both private and public sector to classify, protect, and control the access to their sensitive data regardless of where it resides.”

In 2022, Thales plans to hire 11,000 people worldwide, including 1,000 in cybersecurity.

The transaction is subject to regulatory approvals and other customary closing conditions and is expected to be completed during the second half of 2022.

Danny de Vreeze, CEO of OneWelcome
Previous

Cyber Insurance Provider Coalition Closes $250 Million in Series F Funding

Next

ePlus Acquires Future Com

Check Also

Widget

Don’t Miss

Ofer Ben-Noon and Ohad Bobrov

Palo Alto Networks to Acquire Talon

Ellie Buscemi

On Monday, Palo Alto Networks agreed to acquire Israeli startup Talon Cyber Security, an enterprise browser platform. The deal values Talon at between $600 to $700 million, according to The Information. Palo Alto will integrate Talon’s enterprise browser solution into its Prisma SASE product. The acquisition comes among a wave of acquisitions and releases involving […]

Cyber Executive Moves: Expel, AXA XL

Ellie Buscemi

Expel appoints a new chief product officer, AXA XL announces a new chief executive and DataVisor appoints a new chief revenue officer. Expel, a security operations provider in Herndon, Virginia, appointed Yonni Shelmerdine as the new chief product officer on Aug. 28. Shelmerdine comes to Expel from SentinelOne where he was the vice president of Product Management, endpoint […]

Grip Security Raising $41 Million Series B Led by Third Point Ventures

SecureDisruptions

SaaS security company plans to accelerate growth and extend market leadership SaaS identity risk management platform Grip Security announced a $41 million Series B funding round led by Third Point Ventures, with participation from YL Ventures, Intel Capital and The Syndicate Group. The investment would bring Grip Security’s total funding to $66 million and marks a major milestone for the […]

Partner One Acquires Key Fidelis Cybersecurity Assets

SecureDisruptions

Partner One, one of the fastest growing software conglomerates in the world, has announced its acquisition of Fidelis Cybersecurity software, intellectual property, equipment, inventory and customer and reseller contracts. Fidelis software is a leader in the cybersecurity industry, with innovative eXtended Detection and Response (XDR) and Cloud Native Application Protection Platform (CNAPP). Fidelis solutions protect […]

Healthcare IoT: Risks, Policy, and the Path Forward 

John Powers

When Amazon launched as an online bookstore twenty-eight years ago, few would have imagined that patients could one day go to its website to treat their acid reflux. But times change. Amazon just expanded their virtual healthcare marketplace, Amazon Clinic. Across the U.S., customers can now consult with clinicians through virtual calls and get treatment […]

NIST Updates Cybersecurity Framework in New Draft, Seeks Public Comment

John Powers

The National Institute of Standards and Technology updated their cybersecurity framework for the third time in a new draft. The new framework offers guidance to organizations about reducing cybersecurity risks. It contains a set of outcomes so that any organization can evaluate, prioritize, grasp, and communicate its cybersecurity measures in an effective way. The draft […]