Thales Acquires Identity and Access Management Provider
Tuesday, July 12, 2022 | Comments

Thales signed an agreement to acquire OneWelcome, a European leader in customer identity and access management (CIAM), for a total consideration of €100 million.

OneWelcome’s digital identity lifecycle management capabilities will complement Thales’s existing identity services in order to offer a comprehensive identity platform. 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 organizations 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 more than 100 employees and customers across Europe, OneWelcome is experiencing strong growth of more than 30% year on year. OneWelcome will join the Thales Digital Identity and Security global business unit. Gartner predicts that by 20232, 72% of organizations will be rolling out a CIAM initiative, versus 40% in 2020.

“Customer Identity – or CIAM – is a solution tailored for any organization with a digital presence that need to securely manage external identities and provide intuitive access to their online services,” said OneWelcome CEO Danny de Vreeze. “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.”

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.

“The acquisition of OneWelcome is fully aligned with our expansion strategy within the cybersecurity space,” said Philippe Vallee, executive vice president, digital identity and security. “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.”

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