ANALYTICS: Thales announced on April 28 that it had signed an agreement to acquire big data analytics company Guavus. The acquisition is worth up to US$215m and is expected to be completed in the third quarter of 2017.

Headquartered in San Mateo, California, Guavus also has offices in Montréal and Gurgaon. The company has built an industrial big data platform for real-time analytics.

Thales says that the acquisition would open opportunities in fields such as predictive maintenance, cybersecurity, critical infrastructure monitoring, and network systems optimisation.

‘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’, said Thales CEO Patrice Caine.

‘The opportunity to join Thales, a global high-tech giant, comes at a time when big data and their industrialised processing, especially in real time, play a key role in the digital transformation of governments, businesses and cities’, added Guavus CEO Anukool Lakhina.