Big data firm Guavus found its exit in the form an acquisition by Thales, a France-based tech supplier in the aerospace, transport, defense and security markets, for up to $215 million in cash.
Guavus, they said, will operate as a stand-alone business of Thales and continue to serve and support communications service providers.
The deal is expected to close in Q3 of 2017.
Founded in 2006, San Mateo, Calif.-based Guavus has raised about $132.49 million via seven funding rounds, according to Crunchbase. The VC unit of Liberty Global, a customer of Guavus’s, made a strategic investment in the company in 2015.
Update: Other Guavus customers include Comcast, Telstra, Telus, Vodafone, Rogers Communications, and Suddenlink (now part of Altice USA).
“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,” Thales chairman and CEO Patrice Caine, said in a statement. “
“We look forward to joining Thales and serving new customers in new markets around the globe," added Anukool Lakhina, founder and CEO of Guavus.
Guavus said its systems ingest and analyze five petabytes of data per day.
Guavus’s primary markets have been communications, cable and media, and industrial IoT.
Per the company, its customers include the five largest North American mobile operators, four of the world’s top Internet backbone carrier, and seven of the top eight North American cable operators.
Guavus has about 250 employees and expected 2017 sales of more than $30 million, according to The Wall Street Journal.