Check Point Software Technologies Ltd. of San Carlos California has announced an agreement to acquire Perimeter 81, a Security Service Edge (SSE) vendor. With this acquisition, Check Point intends to help organizations accelerate the adoption of secure access across remote users, sites, cloud, data centers, and the internet.
Perimeter 81, launched in 2018 with a team of over 200 employees, serves more than 3,000 customers worldwide. The company combines cloud and on-device protection in a suite of capabilities that includes Zero Trust Access and full mesh connectivity between users, branches, and applications. Perimeter 81´s capabilities is expected to be integrated into Check Point Infinity’s architecture to deliver a unified security solution across the network, cloud, and remote users.
“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.”
“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.”
Under the terms of the agreement, Check Point will acquire Perimeter 81 for approximately $490 million, on a cash free, debt free basis. The acquisition is subject to customary closing conditions and is expected to close in the third quarter of 2023.
Hybrid work is now the standard for organizations globally, and digital transformation is continuously shifting data centers to the cloud, necessitating an advanced approach to network security that supports the needs of the modern, distributed enterprise.