French aerospace and critical security major Thales Tuesday announced that it has completed the acquisition of Guavus, a California based data analytics firm.
The said acquisition was announced in May this year. The deal value then announced was $215 million.
Headquartered in San Mateo, California, in the Silicon valley, Guavus employs 250 people, of which 140 are based in Gurgaon (India), 60 in California and 50 in Montreal (Canada).
Guavus is perfectly suited, the French major said, to help Thales address the growing needs of an increasingly connected global ecosystem. The company has built a recognised industrial “big data” platform particularly adapted to real-time analytics and designed to be easily implemented across any number of new markets.
The revenues of Guavus are expected to exceed $30 million for the current fiscal year.
“The impact of this acquisition on Thales’s 2017 EBIT should be non-material. This business will be assigned to the Defence & Security operating segment,” Thales said in a statement.
“Thanks to this acquisition, Thales strengthens its positioning in one of the key technologies at the heart of digital transformation of its customers,” it added.
Patrice Caine, Thales’s Chairman and CEO, commented: “Thales is very excited that this acquisition has now closed and welcomes Guavus’s talents as part of its family. Combined with our established expertise in other key digital technologies, the acquisition of Guavus represents a tremendous accelerator of our digital strategy for the benefit of all our customers, whether in aeronautics, space, rail signaling, defense or security.”
The acquisition of Guavus follows several acquisitions in the fields of connectivity, mobility and cyber security, and strengthens Thales’s positioning in one of the key technologies at the heart of digital transformation, the processing and predictive analysis of “big data”, an increasingly critical factor in real- time decision-making.
Founded by Anukool Lakhina in 2006, Guavus has focused on the telecommunication and cable network operators’ market, and analyses more than 5 petabytes (5,000 terabytes) of data for its customers every single day. This represents the equivalent of analysing around 3 million feature films every day or 500 times the entire print collections of the US Library of Congress. The company supports more than 20 major operators around the world, including the 5 largest North-American mobile operators (AT&T, Rogers, Sprint, T- Mobile and Verizon), 4 out of the top 5 Internet backbone carriers, and 7 out of the top 8 cable operators.
This story was first published in M2MCafe.