Check Point Buys Protect Data

Network security leader to secure business information as partof new data security strategy

November 20, 2006

1 Min Read
Network Computing logo

REDWOOD CITY, Calif. -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), the worldwide leader in securing the Internet, today announces a cash tender offer to acquire Protect Data AB (publ) (PROT.ST), 100 percent owner of Pointsec Mobile Technologies AB, the global leader for enterprise data security, for SEK 180 per share, with a total transaction value of approximately SEK 4,152 million or approximately US $586 million. The board of directors of Protect Data unanimously recommends the offer, and it is also supported by Protect Data's largest shareholder, Monterro Holding Ltd.

An Internet security pioneer and leader, Check Point delivers the industry's most comprehensive security solutions to businesses and consumers worldwide. Through Check Point's NGX™ platform, it is the only company to deliver a unified security architecture across the full network infrastructure. With the proposed acquisition of Pointsec, the leading provider of data security on laptop and desktop PCs, PDAs and smartphones, Check Point initiates the next phase of its corporate strategy: the addition of a data security solution layer to extend protection to a company's important information. This protection will be even more valuable as it will benefit from the security and management capabilities of the Check Point unified security architecture. Acquiring Pointsec is the first step in Check Point's vision to secure all enterprise data.

"With businesses facing increasingly severe consequences from data breaches and a stricter regulatory environment, it is apparent that protection must extend beyond the infrastructure to the data itself," said Gil Shwed, chief executive officer of Check Point. "With Pointsec's world-class solutions in data security, Check Point can provide customers with best of breed information security to complement our unified network security architecture."

Check Point Software Technologies Ltd. (Nasdaq: CHKP)

Stay informed! Sign up to get expert advice and insight delivered direct to your inbox

You May Also Like

More Insights