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Company Brief
Check Point Software Technologies

by Faulkner Staff

Copyright 2021, Faulkner Information Services. All Rights Reserved.

Docid: 00017886

Publication Date: 2110

Rport Type: VENDOR

Preview

Check Point Software Technologies is a provider of security management
products and services for everyone from large-scale enterprises to consumers and
small businesses. Check Point offers a complete security architecture so that
users can customize their exact security needs. This report provides a
snapshot of Check Point’s main products and company activities. 

Report Contents:

• Fast Facts
• History
• Key Executives
• Major Products
• Major Competitors
• Recent Activities

Fast Facts

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Corporate Headquarterss
Check Point Software Technologies, Ltd.

5 Shlomo Kaplan Street
Tel Aviv, 6789159 Israel  
Tel: +972-3-753-4555

US Headquarters
959 Skyway Road
Suite 300
San Carlos, CA 94070
Tel: (800) 429-4391
Web: https://www.checkpoint.com/
Type of Vendor: Security software 
Founded: 1993
Employees: Approximately 5,000

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History

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Check Point Software Technologies was founded in 1993 by Gil Shwed, Marius Nacht, and Shlomo
Kramer, who envisioned creating the industry’s most secure, powerful, and
easy-to-use network security devices. The company’s first product, FireWall-1, debuted in 1994. Shortly after its introduction, the company
released a new version
that used encryption and key management technology licensed from RSA Security.
Check Point opened its US subsidiary in 1995.

The company also developed some of the earliest virtual network software, VPN-1,
for secure private network
communications. In 2009, Check Point introduced its Software Blade
Architecture to provide various security offerings that are customizable for any
business security need. The same year, the company completed its
acquisition of Nokia’s security appliance business and acquired FaceTime
Communications’ application database, which provided security controls for more
than 50,000 Web 2.0 widgets and over 4,500 Internet applications to its security
gateways. In 2015, Check Point acquired Lacoon Mobile Security for $100
million. 

More than 100,000 organizations are protected by Check Point
products. 

Key Executives

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Check Point’s executive management staff includes: 

• Gil Shwed – Founder and CEO
• Dorit Dor – Chief Product Officer
• Tal Payne – Chief Financial Officer and Chief Operating Officer
• Dan Yerushalmi – Chief Customer Officer
• Peter Alexander – Chief Marketing Officer

Major Products

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In 2021, Check Point unveiled a three-tiered approach to cyber security,
arranging its portfolio of products into the Quantum (secure the network),
CloudGuard (secure the cloud), and Harmony (secure users and access) components.
Together, these three pillars form the company’s Infinity-Vision approach, unifying
security management to prevent fifth generation (“Gen V”) cyber attacks that move
quickly against mobile, cloud, and on-premises networks. Table 1 looks at Check Point’s major product
areas.

Major Competitors

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The security market is comprised of a number of different vendors with
products that offer protection against viruses, malware, data loss, espionage,
and other threats. Check Point Software’s main competitors include:

• Cisco: https://www.cisco.com/
• Fortinet: https://www.fortinet.com/
• FireEye: https://www.fireeye.com/ 
  IBM: https://www.ibm.com/
• Juniper Networks: https://www.juniper.net/
• Kaspersky: https://www.kaspersky.com/ 
  McAfee: https://www.mcafee.com/
• Microsoft: https://www.microsoft.com/
• Palo Alto Networks: https://www.paloaltonetworks.com/
• SonicWALL: https://sonicwall.com/us/
• Sophos: https://www.sophos.com/ 
  Symantec: https://www.symantec.com/
• Trend Micro: https://www.trendmicro.com/

Recent Activities

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In May 2020, Vice Chair Jerry Ungerman was appointed Chair, succeeding company
founder Marius Nacht.¹ Nacht, who announed he would not stand for reelection
at the 2020 annual general meeting, served as a director of Check Point since its
founding in 1993 and had been Board Chair since September 2015. In his time with the
company, he served in numerous management positions including research and development,
products, sales, marketing, and support. Nacht intends to focus on Nacht Philanthropic
Ventures that he founded to provide humanitarian aid and address food insecurity, social
welfare, and cultural issues and activities.

Although not known for acquiring other firms, Check Point announced that it bought
cloud-email security vendor Avanan in August 2021. Check Point states that Avanan’s
technology is the only unified solution in the market to protect remote workers from
malicious files, URLs, and phishing across collaboration suites, the Web, networks, and
endpoints. News source CRNreports the purchase price was between $250 million and
$300 million.²

The company’s threat intelligence operation, Check Point Research, issued an October 2021
report saying that it found 40 percent more cyber attacks weekly on organizations in 2021
compared with 2020.³ “In September 2021, the average weekly number of attacks on each
organization globally reached its peak with over 870 attacks.”³ The company states
this is more than double the number of attacks recorded in March 2020 at the start of the
COVID-19 pandemic. Check Point also observed that an average of one out of every 61
organizations globally have been impacted by ransomware each week during 2021. Internet
service providers and managed service providers were the most affected sectors, followed
by healthcare and software vendors.

References

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¹ "Check Point Software Technologies Appoints New Board Chairman and Lead
Independent Director." Check Point Software Technologies(press release). May 27, 2020.

² Michael Novinson. "Check Point to Acquire Email Security Startup
Avanan," CRN. August 30, 2021.

³ "As Battle Against Cybercrime Continues During Cybersecurity Awareness
Month, Check Point Research Reports 40% Increase in Cyberattacks." Check Point
Software Technologies. October 6, 2021.

 

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