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Nokia offloads security business to Check Point




Nokia offloads security business to Check Point
Nokia offloads security business to Check Point



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http://www.techworld.com/security/news/index.cfm?newsID=108765 

By John E. Dunn
Techworld
23 December 2008

Nokia has finally found a buyer for its profitable security appliance 
business. From the first quarter of 2009, the division will belong to 
partner Check Point, the companies have announced.

The size of the deal has not been revealed, but Check Point indicated 
that the acquisition of the California-based group will add $100 million 
(approx =C2=A367 million) to the company's revenues for 2009 and will be 
conducted for cash.

The sell-off is not a surprise, even if Check Point's interest hardened 
late in the day. Nokia's line of remote access and firewall security 
hardware was built around the Israeli company's software at its core and 
is considered to have a good reputation. The deal gives Check Point much 
needed market share.

"For over 10 years, the security appliance business within Nokia has 
held a leading position in the security appliance market. Our IP 
security platforms have developed a well-deserved reputation as the 
premier platform on which to deploy Check Point's leading security 
software," said Nokia's Tom Furlong.

[...]


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