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Search resuls for: "Patrice Caine"


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Thales is not at all interested in the Atos business, CEO says
  + stars: | 2024-03-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThales is not at all interested in the Atos business, CEO saysThales CEO Patrice Caine discusses the company's full-year results and shares his outlook for M&A over the forthcoming year.
Persons: Patrice Caine Organizations: Thales
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope needs to invest 'much more' in defense because the region is 'not totally secure': Thales CEOPatrice Caine, chairman and CEO of Thales, addresses the question of whether EU nations are doing enough to help in the Russia-Ukraine war.
Persons: Patrice Caine Organizations: Thales Locations: Russia, Ukraine
PARIS, July 25 (Reuters) - France's Thales (TCFP.PA) said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion away from its historic defence business to the war against hacking. "This really changes our scale in civil cybersecurity," Thales Chief Executive Patrice Caine told analysts, adding that the deal represented a rare opportunity to become a premium player on a global scale in cybersecurity. Thales said the price of the deal implied an enterprise value of 17 times 2024 operating earnings. Thales said buying Imperva would generate around $110 million of pretax synergies, including $50 million of cost savings and $60 million linked to revenue opportunities. Thales said the deal would close in 2024 subject to approvals, and did not anticipate significant hurdles.
Persons: Thoma, Patrice Caine, Thales, Jefferies, Chloe Lemarie, Caine, Morgan Stanley, Sudip Kar, Muralikumar Anantharaman, Kim Coghill, Bernadette Baum Organizations: Thales, Thoma Bravo, PwC, Cobham Aerospace Communications, Thomson Locations: cybersecurity, France, Paris, Europe
Thales cyber push meets investor shoulder shrug
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 25 (Reuters Breakingviews) - France's Thales (TCFP.PA) is doubling down on cybersecurity with its $3.6 billion purchase of U.S. firm Imperva. Thales's boss Patrice Caine briefly considered buying Atos's (ATOS.PA) cybersecurity arm last year, but didn’t go through with it. The purchase values the Thoma Bravo-backed group at 17 times forecast 2024 operating profit, according to Thales. Meanwhile Caine’s push into the racy cyber sector doesn’t seem to register in the group’s valuation. That means investors are sceptical that Thales’s efforts to crack the war against hacking will work out for shareholders.
Persons: Patrice Caine, Thoma, Caine’s, Refinitiv Datastream, Pamela Barbaglia, Liam Proud, Streisand Neto Organizations: Reuters, Thales, Thoma Bravo, BAE Systems, Twitter, Thomson Locations: U.S, Spain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Ukraine war is changing the mindset around security investment, defence group CEO saysPatrice Caine, CEO of Thales, discusses the impact that the war in Ukraine is having on business margins at the French defense and tech company.
FILE PHOTO: The logo of French defence and electronics group Thales is seen at an office building at the financial and business district of La Defense in Courbevoie near Paris, France, January 31, 2022. REUTERS/Sarah MeyssonnierPARIS (Reuters) - French defence and technology group Thales plans to hire 12,000 new staff this year as there is strong demand across its product range, CEO Patrice Caine said in an interview with French weekly Le Journal du Dimanche. Caine said that all the firm’s activities - defence and security, aeronautics and space, identity and digital security, were growing strongly. “The company is a reflection of its markets, which are all seeing dynamic growth, with needs growing in all our fields of activity,” he said. Caine, who recently met with Ukraine’s defence minister, said that France would deliver its Ground Master 200 radar air defence system to Ukraine in May.
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