SAN MATEO, CA--(Marketwired - April 28, 2017) -
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Combined businesses to strengthen Thales' portfolio of analytic solutions in aerospace; ground transportation; space; security and defense industries
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Guavus will operate as a wholly owned subsidiary of Thales, continuing to serve communication service providers worldwide
Guavus, Inc., a pioneer in developing Machine Intelligent, big data analytics platforms, today announced that it has signed a definitive merger agreement under which Thales (EURONEXT PARIS: HO), a global technology leader for the aerospace, transport, defence and security markets, will acquire Guavus in a cash transaction valued at up to $215 Million. The completion of the acquisition is subject to customary conditions and regulatory approvals and is expected to close in the third quarter of 2017.
Patrice Caine, Thales' Chairman and CEO, commented: "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 our customers. The application to Thales's core businesses of Guavus' technologies and expertise in big data analytics will strengthen our ability to support the digital transformation of our customers, whether in aeronautics, space, rail signaling, defense or security."
"We look forward to joining Thales and serving new customers in new markets around the globe," said Anukool Lakhina, founder and CEO of Guavus. "Guavus' widely deployed machine intelligent, big data operational analytics platform transforms the quality, efficiency, scale and security with which our customers can deliver their services, making our platform a critical enabler of digital transformation."
Airlines, satellite, air traffic control, metro or train operators, armed forces or security officials of large urban or energy infrastructures rely on Thales' high technology solutions to make the best decisions in real time. In a world facing exponential growth in the volume of data coming from increasingly connected sensors, the acquisition of Guavus' operational analytics opens broad opportunities for Thales in areas including predictive maintenance, cyber security, monitoring of critical infrastructures, and network and telecom systems optimization.
Guavus' machine intelligent operations automation platform enables large organizations to transform their operations, delivering differentiated customer experience, radically reducing costs and achieving the enormous scale required in emerging Internet of Things (IoT) applications. Leveraging Guavus expertise in Machine Intelligence, streaming analytics and big data technologies, Guavus' deployments ingest and analyze five petabytes of information per day.