Thales announces it has signed an agreement to acquire OneWelcome , a European leader in the fast-growing customer identity & access management (CIAM) market. This involves an acquisition amount of €100 million. This involves an acquisition amount of €100 million. OneWelcome’s powerful digital identity lifecycle management capabilities will complement Thales’ existing identity services. For example, for the secure provision and management of credentials and Know Your Customer processes. This creates the most comprehensive identity platform on the market.
Netherlands-based OneWelcome is a provider of cloud-based customer identity & access management (CIAM) solutions for organizations in highly regulated industries. This allows them to securely connect their customers and business partners to their online services. OneWelcome currently offers protection for tens of millions of European identities for prominent organizations such as PostNL, RIVM and the European Central Bank.
Thales plans to leverage OneWelcome’s regional expertise to meet the global need for optimized identity management and data protection processes. These are critical for organizations in regulated markets that need to comply with legal and regulatory requirements, such as the GDPR. One of OneWelcome’s areas of expertise is technology that gives users greater control over their information and data across all the platforms and applications they use. To this end, it manages their passwords and permission preferences.
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This acquisition enables Thales to offer a comprehensive identity platform that enables organizations of all sizes to manage internal and external identities. In this way, they can quickly develop new online businesses, improve operational efficiency and customer experience, and meet or exceed regulatory requirements.
OneWelcome has over 100 employees and customers in Europe and is growing rapidly. It is growing at an annual rate of more than 30 percent. OneWelcome will become part of Thales’ global Digital Identity & Security business unit. Gartner predicts that as many as 72 percent of all organizations will implement a CIAM initiative by 2023. In 2020, that percentage was still 40 percent.
Danny de Vreeze, CEO of OneWelcome : “Customer identity & access management, or CIAM, is a solution that is perfect for any organization with a digital presence that is faced with the task of managing external identities and providing intuitive access to its online services. guarantees. Our state-of-the-art service is used by European organizations to connect and protect millions of users. Our highly motivated team is pleased to extend our product leadership into new markets by leveraging Thales’ global reach.”
Philippe Vallée, executive vice president Digital Identity & Security bij Thales: “The acquisition of OneWelcome fits in perfectly with our strategy for expansion within the cybersecurity market. OneWelcome’s talents and expertise in customer identity & access management represent a powerful addition to our portfolio of authentication, privacy and data protection solutions. This is in line with our commitment to provide users with a reliable and ultra-smooth digital experience. Currently, there is a rapid growth in data volumes, an increase in the number of migrations to the cloud and new legal and regulatory requirements. Therefore, it is essential to provide organizations in the public and private sector with secure, adaptable and easy-to-use solutions to classify, protect and manage access to their sensitive data.
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