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Check Point Expands Security Reach With Three Acquisitions




Check Point Expands Security Reach With Three Acquisitions
Check Point Expands Security Reach With Three Acquisitions



http://www.technewsworld.com/story/55354.html 

By Jack M. Germain
TechNewsWorld
01/24/07 

Security provider Check Point announced last week that it is near 
completion of three acquisitions. The company will continue the focus 
begun three or four years ago on acquiring companies to expand its 
security product offerings, said Dave Burton, director of Check Point's 
product marketing. Stopping ongoing threats to data is a pressing need, 
according to Laura Yecies, Check Point vice president.

Internet security firm Check Point Software Technologies announced that 
it has completed the acquisition of NFR Security and is nearing 
completion of it purchase of Protect Data and Pointsec Mobile 
Technologies.

Company officials said the acquisitions will help Check Point expand its 
reach into the data security market. The acquired technologies will be 
an important part of Check Point's core platform enhancement, according 
to Gil Shwed, founder and chief executive officer.

The company will continue the focus begun three or four years ago on 
acquiring companies to expand its security product offerings, said Dave 
Burton, director of product marketing at Check Point.


Data Threats

"This is a big initiative, and we will continue this year with security 
acquisitions," Burton told TechNewsWorld. "We are pushing hard in doing 
this to better protect our customers' data."

Stopping ongoing threats to data is a pressing need, according to Laura 
Yecies, vice president of Check Point. She also serves as general 
manager of anti-intrusion software developer ZoneAlarm, recently 
acquired by Check Point.

"Our vision is to look at securing data across the network, especially 
mobile devices," said Yecies. "These purchases allow us to add 
signature-based protection. Connecting technology with firewalls is so 
very exciting for us."

Yecies said that the Pointsec acquisition was a vital component of 
achieving that vision. Pointsec has the leading product, she said.

Pointsec delivers automatic data encryption on mobile devices.


Acquisition Overview

Check Point delivers security solutions for businesses and consumers 
worldwide. Through its NGX platform, it provides a unified security 
architecture that integrates manageability and security across the full 
network infrastructure.

NFR Security's real-time threat protection systems secure business 
networks against four primary threat points: automated malware, 
information leakage, vulnerability windows and unsanctioned network 
changes.

NFR's Sentivist Real-Time Threat Protection attempts to block intrusion 
attacks, zero-day attacks, anomaly exploits, malicious code, backdoors, 
command tampering and polymorphic buffer overflows.

The acquisition will allow the company to enhance its own SmartDefense 
product line with NFR's Hybrid Detection Engine (HDE), Check Point 
officials said. The result will provide real-time attack prevention by 
combining preemptive, type-based protection in SmartDefense with attack 
detection provided by the HDE technology.

Check Point is already integrating NFR's intrusion detection and 
prevention (IDS/IPS) technologies into its existing network security 
portfolio of firewall, VPN and security management solutions, according 
to company officials.


Deal Details

Check Point also announced that it has completed the cash tender offer 
to acquire the Swedish firm Protect Data for a price of 187 Swedish 
kronor (US$26.66) per share.

The company received acceptances of the offer from holders of 20,012,234 
Protect Data shares, representing approximately 87.1 percent of the 
outstanding shares, and 104,700 warrants, representing approximately 
81.8 percent of the outstanding warrants, Check Point Officials said.

On a fully diluted basis, the shares and warrants tendered represent 
approximately 87.1 percent.

Company officials agreed to acquire the shares and warrants which have 
been tendered for a total cost of approximately 3,764 million Swedish 
kronor(US $534 million), according to written statements from Check 
Point.

"This acquisition is a major step in our strategy for expanding Check 
Point's unified security architecture into data security," said Shwed.

"With Pointsec's world-class solutions, Check Point can provide 
customers with best-of-breed data security solutions that complement our 
leading network security solutions," he noted.

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