UPDATED 22:27 EDT / OCTOBER 24 2018

SECURITY

Check Point acquires Israeli cloud security startup Dome9 for $175M

Cybersecurity firm Check Point Software Technologies Ltd. today acquired Israeli cloud security startup Dome9 Security Inc. to enhance its cloud security offering.

Although the price of the acquisition was not disclosed, The Times of Israel claimed the deal came in at $175 million in cash plus stocks and options.

Founded in 2011, Dome9 offers a cloud firewall management service that uses security automation tools to deliver a frontline security defense against newly discovered “zero-day” vulnerabilities and exploits. It also secures remote access and centralizes policy management through a service platform that allows customers to simplify security operations and speed up compliance.

Dome9 customers use its platform to secure multicloud deployments across major suppliers including Amazon Web Services Inc., Microsoft Corp.’s Azure and Google LLC’s cloud. Customers include Fortune 1000 companies, global system integrators and managed service providers.

“Dome9’s platform will add rich cloud management and active policy enforcement capabilities to Check Point’s Infinity Architecture, particularly complementing the CloudGuard security product family and make our broad solution even more differentiated in the rapidly moving cybersecurity environment,” Check Point Chief Executive Officer Gil Shwed said in a statement.

“As 5th generation cyber attacks increasingly target enterprise cloud environments, so our Gen V cybersecurity solution must effectively protect this vector,” Shwed noted. He added that the Dome9 acquisition will enhance Check Point’s ability to provide critical security to “networks, endpoints and data centers.”

Dome9 had raised $29.5 million, including a Series C round of $16.5 million in April 2017. Investors included SoftBank, Opus Capital, Lazarus Israel Opportunities Fund, JAL Ventures, ORR Partners and Pinnacle Financial Partners.

Image: Dome9

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