Thales - THLLY STOCK NEWS

Telit and Thales have announced a strategic transaction where Telit will incorporate Thales' cellular IoT products business, leading to the formation of Telit Cinterion. The new entity aims to be a major provider of IoT solutions, enhancing its portfolio with Thales' technology. Thales will retain a 25% stake in Telit Cinterion, which is projected to close in Q4 2022, subject to regulatory approvals. This merger will boost Telit's market presence in sectors like industrial IoT, while ensuring service continuity for customers.

Thales has introduced a new cloud data protection solution aimed at securing sensitive customer data in SAP applications within public cloud environments. This joint offering enables security teams to manage encryption keys effectively, ensuring compliance with regulatory requirements. The integration of Thales' CipherTrust Cloud Key Manager with SAP Data Custodian enhances data security, allowing enterprises to control their encryption keys across various public clouds. This solution is currently available, reinforcing the collaboration between Thales and SAP in encryption and data security.

Spirit Airlines (NYSE: SAVE) has announced its partnership with Thales to launch high-speed Wi-Fi on its Airbus A320 and A321 aircraft. This marks a significant milestone as it's the first offering of its kind by a U.S.-based ultra-low fare airline. The FlytLIVE connectivity solution will cover routes in the U.S., Latin America, and the Caribbean. Expected to be fully operational by September 2022, the service promises an at-home internet experience. Passengers will have options for browsing and streaming, with prices starting at $2.99 and $5.99 respectively.

Thales has entered into an agreement to acquire OneWelcome, a leader in Customer Identity and Access Management, for €100 million. This acquisition aims to enhance Thales' cybersecurity offerings, particularly in managing external identities and improving data privacy. OneWelcome's identity solutions will complement Thales' existing services, providing a comprehensive identity platform. With over 30% year-on-year growth, OneWelcome secures millions of European identities. The deal is subject to regulatory approvals and is expected to close in the second half of 2022.

Thales has established S3NS, a new French company that will leverage Google Cloud to deliver secure cloud solutions to public and private organizations in France. Controlled by Thales, S3NS aims to meet the stringent compliance requirements of France's Trusted Cloud label. Its initial offering, Local Controls with S3NS, focuses on data localization and enhanced security features, including encryption and managed data access. The company has begun operations with several dozen employees and plans to expand its workforce to support its objectives.

Thales has partnered with NAVER Cloud to launch Korea's first cloud-based hardware security module (HSM) as-a-service. This new service helps businesses comply with stringent data control and encryption regulations while transitioning to cloud environments. The Luna Network HSM enables independent key management, enhancing security and convenience for customers. NAVER Cloud aims to expand its HSM offering to various sectors globally, responding to increasing data sovereignty demands.

Thales has introduced HELIXVIEW, a compact, stationary Cabin Baggage Explosive Detection System (EDS CB) that enhances airport security by allowing passengers to keep their belongings in luggage during screening. This C3-compliant scanner employs advanced X-ray nanotechnology and 3D imaging, supported by Thales' expertise in Artificial Intelligence and Cybersecurity. HELIXVIEW aims for certification by the end of 2023, promising improved efficiency and safety in security checks while optimizing airport space and reducing mechanical complexities.

The 2022 Thales Cloud Security Report, conducted by 451 Research, reveals that 45% of businesses experienced a cloud data breach or audit failure in the last year, a 5% increase from 2021. With 72% of companies adopting multiple IaaS providers, the complexity of cloud management is rising. 66% of respondents store 21%-60% of sensitive data in the cloud, yet only 11% encrypt the majority of their data. Increasing cyber-attacks, including malware (26%) and ransomware (25%), underscore the urgent need for robust security measures.

Thales and Palo Alto Networks are collaborating to enhance cloud security through Zero Trust architectures, supporting businesses in their digital transformations. This partnership aims to improve security measures as organizations migrate to cloud environments, enabling secure remote access for employees. The integration of Thales' SafeNet Trusted Access with Palo Alto Networks' solutions will facilitate adaptive multi-factor authentication and incident response, reducing the risk of data breaches and ensuring robust security protocols. In 2021, Thales generated €16.2 billion in sales, employing 81,000 people globally.