Check Point Signs Agreement to Acquire Nokia's Security Appliance Business
Redwood City, CA —
Check Point® Software Technologies Ltd. (Nasdaq: CHKP), the worldwide leader in securing the Internet, today announced that it has signed an agreement to acquire Nokia's security appliance business. The two businesses have collaborated over the past decade to deliver industry-leading enterprise security solutions. Building on this collaboration, Check Point will provide an extended security appliance portfolio developed, manufactured and supported by Check Point.
"As a pioneer in security appliances, the Nokia security appliance business has been an important strategic partner for Check Point and has helped us achieve early leadership in the security appliance market," said Gil Shwed, Chairman and CEO at Check Point. "Adding Nokia's security appliance portfolio into Check Point's broad range of security solutions is the natural conclusion of our long collaboration, and will assure a smooth path forward for our mutual customers."
Check Point and Nokia have long provided customers with a range of best-of-breed security solutions, proven in high-performance, mission critical environments. Nokia's security appliance business provides purpose-built security platforms optimized for Check Point firewall, virtual private network (VPN) and unified threat management (UTM) software. About 85 percent of Fortune 500 companies have bought Nokia's security platforms. More than 220,000 Nokia appliances have been installed with over 23,000 customers worldwide.
Check Point has a broad range of security gateways, available as software as well as Check Point's UTM-1 and Power-1 dedicated appliances. More than 700,000 Check Point security gateways have been licensed with over 100,000 customers worldwide. The Check Point customer base includes 100 percent of Fortune 100 and 98 percent of Fortune 500 companies.
The agreement between Check Point and Nokia is expected to close in the first quarter of 2009 subject to regulatory approvals and customary closing conditions. Further details of the transaction are not being disclosed at this time.
"Check Point is looking forward to expanding its security portfolio and to continuing to provide customers and partners with the industry's most comprehensive line of security appliances," concluded Gil Shwed.
About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is the leader in securing the Internet. Check Point offers total security solutions featuring a unified gateway, single endpoint agent and single management architecture, customized to fit customers' dynamic business needs. This combination is unique and is a result of our leadership and innovation in the enterprise firewall, personal firewall/endpoint, data security and VPN markets.
Check Point's pure focus is on information security. Through its NGX platform, Check Point delivers a unified security architecture to protect business communications and resources, including corporate networks and applications, remote employees, branch offices and partner extranets. The company also offers market-leading endpoint and data security solutions with Check Point Endpoint Security products, protecting and encrypting sensitive corporate information stored on PCs and other mobile computing devices. Check Point's award-winning ZoneAlarm solutions protect millions of consumer PCs from hackers, spyware and identity theft. Check Point solutions are sold, integrated and serviced by a network of Check Point partners around the world and its customers include 100 percent of Fortune 100 companies and tens of thousands of businesses and organizations of all sizes.
About Nokia security appliance business
Network security solutions from Nokia help protect a majority of Fortune 500 companies worldwide against internal and external threats, working to ensure continuous protection before, during, and after an attack. For over a decade, Nokia security appliance business has provided a reliable portfolio of firewall and VPN appliances coupled with First Call – Final Resolution support, offering solid price/performance, dependability, and customer choice. More than 220,000 Nokia appliances have been shipped and more than 23,000 customers rely on Nokia appliances today. Learn more about Nokia security and our collaborative solutions from Check Point at http://www.nokiaforbusiness.com.
Check Point Software Technologies
Kip E. Meintzer
Check Point Software Technologies