nCipher re-emerged from Thales as a separate stand-alone company manufacturing and marketing hardware security modules (HSMs) on January 7, 2019, and was officially launched on January 26, 2019. It had been acquired by Thales for just over $100 million in July 2008, after being founded by Alex and Nicko Nicko van Someren in 1996.

https://www.securityweek.com/crypto-hardware-maker-ncipher-re-emerges-thales-after-20-years