Thales to buy OneWelcome for €100 mn in cyber security push

Thales is set to acquire OneWelcome, a European leader in the Customer Identity and Access Management, for €100 million.
ThalesOneWelcome’s digital identity lifecycle management capabilities will complement Thales’s Identity services including secure credential enrollment, issuance and management, Know Your Customer etc. in order to offer the most comprehensive Identity Platform in the market.

In 2022, Thales plans to hire 11,000 people worldwide, including 1,000 in cybersecurity.

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 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.

OneWelcome, which 100+ employees and customers across Europe, is experiencing strong growth of over 30 percent year-on-year. OneWelcome will join Thales Digital Identity and Security global business unit. Gartner predicts that by 20232, 72 percent of organisations will be rolling out a CIAM initiative, versus 40 percent in 2020.

Philippe Vallée, Executive Vice-President, Digital Identity and Security at Thales said: “The acquisition of OneWelcome is fully aligned with our expansion strategy within the cybersecurity space.”