Check Point Software Completes Cyberint Acquisition

Rhea-AI Summary

Check Point Software Technologies (NASDAQ: CHKP) has completed its acquisition of Cyberint Technologies , a provider of external risk management solutions. This acquisition enhances Check Point's Infinity Platform with AI-driven threat intelligence and exposure management capabilities.

Key features now included in the Infinity Platform:

• Comprehensive external risk management, including detection and takedown of impersonating websites, phishing accounts, and leaked data
• Rapid delivery of actionable intelligence within 20 minutes of setup
• AI-powered risk detection with minimal false positives, enhanced by human intelligence

Sharon Schusheim, Chief Services Officer at Check Point, emphasized that this acquisition will help customers protect against more threats through proactive and actionable threat intelligence.

Positive

• Acquisition of Cyberint Technologies enhances Check Point's external risk management capabilities
• Integration of AI-driven threat intelligence into the Infinity Platform
• Rapid delivery of actionable intelligence within 20 minutes of setup
• Expanded threat prevention capabilities for Security and Risk Management leaders

Negative

• None.

Insights

Cybersecurity Analyst

Check Point's acquisition of Cyberint marks a significant enhancement to their Infinity Platform, introducing AI-driven external risk management capabilities. This move strengthens Check Point's position in the cybersecurity market by offering proactive threat intelligence and exposure management. The integration of Cyberint's technology addresses critical areas such as phishing detection, vulnerability assessment and rapid threat response. For investors, this acquisition could potentially drive revenue growth and market share expansion in the competitive cybersecurity sector. However, the financial terms were not disclosed, making it challenging to assess the immediate impact on Check Point's financials. Long-term, this strategic move aligns with the growing demand for comprehensive security solutions, potentially boosting Check Point's value proposition to enterprise clients.

Market Research Analyst

The cybersecurity market is experiencing rapid growth, driven by increasing digital threats and regulatory pressures. Check Point's acquisition of Cyberint is a strategic move to capitalize on this trend, particularly in the external risk management segment. This expansion of capabilities could help Check Point compete more effectively against rivals like Palo Alto Networks and Fortinet. The emphasis on AI-driven solutions and rapid threat intelligence delivery (within 20 minutes) addresses key pain points for security teams, potentially increasing Check Point's appeal to enterprise customers. While the immediate financial impact is unclear, this acquisition could enhance Check Point's product portfolio and potentially lead to upselling opportunities within its existing customer base, contributing to long-term revenue growth.

Ushers new era of AI-driven, external risk management solutions for security operations

REDWOOD CITY, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced the completion of its acquisition of Cyberint Technologies Ltd., a highly innovative provider of external risk management solutions.

“At Check Point we are dedicated to staying ahead of the ever-growing threat landscape. By bringing Cyberint’s real-time exposure analysis to our Infinity Platform, we are providing our customers with proactive and actionable threat intelligence and exposure management that will protect them from even more threats,” said Sharon Schusheim, Chief Services Officer at Check Point Software Technologies. “Cyberint’s technology will expand the threat prevention capabilities of the Infinity platform. We believe Security and Risk Management (SRM) leaders responsible for security operations will derive high value from it.”

Cyberint’s key capabilities are now included in the Infinity Platform and managed services

• Comprehensive External Risk Management Solution for Businesses: Detection and takedown of impersonating website, phishing and social media accounts, as well as stolen credentials and leaked data associated with organizations. It also enables companies to detect vulnerable internet-facing websites and applications and prioritize and effectively mitigate these vulnerabilities.   
• Rapid Delivery of Impactful and Actionable Intelligence to Protect Digital Assets: Actionable intelligence within 20 minutes after setup, ensuring that security teams can respond to threats promptly and prevent ransomware.
• Powered by AI and Enhanced by High-Quality Managed Services: Effective risk detection, mitigation, and contextualized alerts with minimal false positives. Human intelligence further strengthens this approach, offering expert guidance and ensuring comprehensive, high-quality management.
  

For more information, visit: https://www.checkpoint.com/infinity/soc/external-risk-management/

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Blog: https://blog.checkpoint.com
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About Check Point Software Technologies Ltd. 
Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Platform Services for collaborative security operations and services.

MEDIA CONTACT:	INVESTOR CONTACT:
Gil Messing	Kip E. Meintzer
Check Point Software Technologies	Check Point Software Technologies
press@checkpoint.com	ir@checkpoint.com

FAQ

What company did Check Point Software (CHKP) acquire?

Check Point Software Technologies (NASDAQ: CHKP) acquired Cyberint Technologies , a provider of external risk management solutions.

How will the Cyberint acquisition benefit Check Point's (CHKP) Infinity Platform?

The acquisition enhances Check Point's Infinity Platform with AI-driven threat intelligence, exposure management capabilities, and comprehensive external risk management solutions.

What are the key features added to Check Point's (CHKP) Infinity Platform after the Cyberint acquisition?

Key features include detection and takedown of impersonating websites and phishing accounts, rapid delivery of actionable intelligence within 20 minutes, and AI-powered risk detection with minimal false positives.

How quickly can Check Point (CHKP) deliver actionable intelligence after the Cyberint acquisition?

According to the press release, Check Point can now deliver actionable intelligence within 20 minutes after setup, allowing security teams to respond promptly to threats.