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Check Point Software Technologies and OLSY - Olivetti Solutions Announce Worldwide Reseller AgreementCheck Point FireWall-1 Selected as Key Component of OliWeb Internet/Intranet Service Offering from OLSY

REDWOOD CITY, CALIF., - May 13, 1997-- Check Point Software Technologies Ltd., (NASDAQ: CHKPF), the leader in enterprise security software, and OLSY, a leading provider of IT solutions and services and member of the Olivetti Group, today announced an international agreement whereby the OLSY subsidiaries worldwide will resell the Check PointTM FireWall-1TM enterprise security solution. In addition, OLSY will offer FireWall-1 as part of its managed enterprise security solutions within the OliWeb Internet/Intranet service offering, announced today.

OLSY will provide a wide range of services utilizing FireWall-1, including installation, supervision, technical management and support. The OliWeb Internet/Intranet service offers FireWall-1 as the central component of connectivity operations to protect corporate LANs from intrusions, create Virtual Private Networks and provide access to the corporate LAN for mobile users. OLSY will add value for its customers by leveraging FireWall-1's ability to define and manage a single, central enterprise-wide security policy for an entire network.

"Enterprise security is an essential component of complete IT solutions as companies extend their networks to encompass new Internet-based infrastructures," said OLSY CEO Claudio Montagner. "Check Point FireWall-1's robust enterprise security management capabilities and open, extensible framework architecture offer our customers an excellent solution for enterprise security."

"We are pleased to have OLSY, a reputable IT solutions provider and experienced system integrator, as a key partner offering Check Point FireWall-1 as part of its complete offer of Intranet services," said Deborah Triant, president and CEO of Check Point Software Technologies, Inc. "FireWall-1 provides customers the robust security services needed in today's enterprise, while offering a scaleable and modular framework that will grow to meet tomorrow's security challenges."

The Preferred Enterprise Security Solution for Managed Services

Check Point Software has become the preferred enterprise security solution provider for managed services due to three technological differences: Check Point's flexible, comprehensive Open Platform for Secure Enterprise Connectivity (OPSEC TM ) architecture; the company's unique enterprise management capabilities; and its fast and secure Stateful Inspection technology. A key differentiating factor for FireWall-1 is its enterprise management module, which offers the unique capability of managing multiple firewall nodes with one, enterprise-wide security policy from a single console.

About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. is the network security software market share leader and inventor of the patented "Stateful Inspection" technology. According to a December 1996 report by the Yankee Group, the company's flagship product, Check Point FireWall-1, commanded 44% of the worldwide firewall market in the first half of 1996. FireWall-1 protects internal and external network communications for thousands of organizations of all sizes. Its products are sold worldwide through OEM partners, distributors, VARs, systems and network integrators and Internet Service Providers. The company has U.S. headquarters in Redwood City, California and international headquarters in Ramat-Gan, Israel. For product information, please call (800) 429-4391, e-mail info@checkpoint.com or visit the company at http://www.checkpoint.com.

About OLSY

OLSY (Olivetti Solutions) is the Olivetti Group company specializing in IT solutions and services. OLSY develops, implements and manages IT solutions for large public and private corporate customers, mainly in banking and finance, the public authorities and utilities sector, and in retailing. The company provides a broad range of services under three major offers: oliPRO (application development and systems integration), oliNet (network integration and management services) and oliSERVICE (distributed IT management services) to a world-wide customer portfolio. More than 13,000 professionals work in OLSY operations in more than 40 countries. Company revenues are well balanced across geographical areas: 39% from Italy, 41% from the rest of Europe, and 20% from the rest of the world. For further information, please visit the OLSY web site: http://www.olsy.com.

1997 Check Point Software Technologies, Ltd. Check Point, the Check Point logo, Check Point FireWall-1, FireWall-1, FireWall-1 SecuRemote, FireWall-First!, OPSEC and INSPECT are trademarks of Check Point Software Technologies Ltd. All other product names mentioned herein are trademarks of their respective owners.

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