Check Point Buys Israeli Firm Securing Remote Work For $490M

Cybersecurity giant Check Point has acquired Israeli startup Perimeter 81, which secures networks for remote working, for $490 million.

Perimeter 81, which was founded in 2018 and is based in Tel Aviv, is a Security Service Edge (SSE) provider, securing access to the internet, cloud services and private applications.

Check Point says the acquisition will allow it to help organizations adopt fast, secure access for remote users. It plans to integrate Perimeter 81’s capabilities into its Infinity threat prevention platform.

The acquisition is expected to be completed in Q3 of this year.

“By joining Check Point, a global leader in cyber security for over 30 years, we aim to deliver the premier SASE [Secure Access Service Edge] platform in the market,” said Perimeter 81 CEO Amit Bareket.

“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.”

Check Point was founded in Israel in 1993 and is today headquartered in Tel Aviv and San Carlos, California. The company employs some 6,000 people worldwide and in 2021 had revenue of $2.17 billion.

“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,” said Check Point CEO and co-founder Gil Shwed.

“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.”