Check Point pays $490 million for Perimeter 81
Check Point, a global leader in cyber security solutions, has agreed to acquire Perimeter 81, a pioneering Security Service Edge (SSE) firm. The company will use this purchase to assist organizations in accelerating the adoption of secure access across distant users and sites. Check Point will pay about $490 million in cash and debt to purchase Perimeter 81 under the terms of the arrangement.
The firm is a specialist in many areas of business cybersecurity. It offers product lines that assist corporations in interaction with cloud services. It also helps assist in network security and proactive threat detection. The company has a market capitalization of more than $15 billion.
Perimeter 81 provides a one-of-a-kind set of features, such as Zero Trust Access and complete mesh connection between users, branches, and applications. This enables distant users to enjoy fast, secure internet access wherever they go while resolving cloud privacy concerns. Perimeter 81 also allows for a simple and quick one-hour deployment instead of weeks with typical systems, emphasizing ease of use and efficient management.
“With the advent of hybrid work and the rise of cloud transformation, the demand for security services that expand beyond the network perimeter is increasing,” says Gil Shwed, CEO at Check Point Software Technologies. “By leveraging Perimeter 81´s capabilities and integrating them into the Check Point Infinity platform we continue with our vision to deliver the best security through comprehensive, collaborative and consolidated solutions.”
The acquisition will occur in the third quarter of 2023
Check Point also has a product line geared at remote and hybrid employees, and it looks that Perimeter 81’s technology will be utilized to help that business grow. Its primary focus is on “security service edge” services, which provide safe access for employees to enterprise sites, cloud services, data centers, and the Internet.
“This strategic move marks an exciting period for our company, partners, and customers. By joining Check Point, a global leader in cyber security for over 30 years, we aim to deliver the premier SASE platform in the market,” says Amit Bareket, CEO at Perimeter 81. “Our interconnection represents a significant step towards a comprehensive and scalable security for the modern era. We look forward to the positive impact we will jointly create.”
News Source: Permieter 81