Check Point Software Technologies Extends its Cloud Security Offering with Developer-first Security Platform

Rhea-AI Summary

Check Point Software Technologies (NASDAQ: CHKP) has announced the acquisition of Spectral, an Israeli startup specializing in developer-first security tools, enhancing its CloudGuard platform. This acquisition will expand Check Point's capabilities to address security challenges in rapidly developed cloud applications. By 2023, over 500 million digital apps are expected to be deployed using cloud-native methods, increasing security risks. Spectral’s tools offer fast code scanning and integrate into Check Point’s solutions, reinforcing its commitment to cloud developer security.

Positive

• Acquisition of Spectral enhances Check Point's CloudGuard platform.
• Increased capabilities in addressing security for over 500 million anticipated cloud-native applications by 2023.
• Spectral's tools deploy in less than five minutes and deliver fast, accurate results.
• Supports a wide range of cloud application security use cases.

Negative

• None.

With the acquisition of Spectral, an innovator in automated code security, Check Point CloudGuard will provide the industry’s most comprehensive security platform from code to cloud

SAN CARLOS, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Check Point^® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, today announces the acquisition of Spectral, an Israeli startup and key innovator in developer-first security tools designed by developers for developers. With this acquisition, Check Point will extend its cloud solution, Check Point CloudGuard, with developer-first security platform, and provide the widest range of cloud application security use cases including Infrastructure as Code (IaC) scanning and hardcoded secrets detection.

Accelerated digital transformation is pushing organizations to deploy new applications faster and innovate at an increasing pace. This, combined with the move to a distributed environment, is driving development teams to cloud native methods, such as low code platforms. By 2023, over 500 million digital apps and services will be developed and deployed using cloud-native approaches – the same number of apps developed in the last 40 years. This poses clear and immediate security risks to cloud applications, including data leakage, misconfigurations, and exposed secrets. To address this massive challenge, developers now require the right tools to ensure cloud security is implemented with no compromise on productivity.

Spectral, an Israeli startup founded in 2020, is a key innovator in developer security with a thriving open-source community. Spectral’s developer-first approach to security focuses on code safety and trust, fast code scanning and simple and cool developer experience.

Spectral’s security tools support a wide range of automated code security use cases including:

• Infrastructure as Code Scanning
• Code Tampering Prevention
• Hardcoded Secrets Detection
• Source Controls and CI/CD Security
• Source Code Leakage Detection
  

Spectral’s solutions deploy in less than five minutes and fast code scanning delivers comprehensive and accurate results within seconds. The tools are used by developers from over 300 organizations worldwide.

Spectral tools will be integrated into Check Point’s Infinity security platform as part of its CloudGuard offering, making it the industry’s most comprehensive security platform from code to cloud.

“As leaders in IT security Check Point is constantly looking at how cloud security will morph in the future so we can invest today in securing whatever comes next,” said Dr. Dorit Dor, Chief Product Officer at Check Point Software. “The acquisition of Spectral, further emphasizes our commitment to cloud developers. This is Check Point´s fifth cloud security acquisition in the last three years, reaffirming our commitment to support the cloud developer´s community and our mission of delivering cloud security automation, usability, and trust across any cloud to every enterprise.”

"Spectral’s undertaking is to enable developers to build and ship software without worry. By joining Check Point, we will be able to help more developers, across more regions, and build our community and open source offering faster and more effectively,” says Dotan Nahum, CEO and co-founder of Spectral. “The combination of Check Point’s deep cloud security capabilities and threat intelligence tools with Spectral’s best in class security tools for developers, will allow organizations to shift-left security with tools developers love and security teams trust.”

Check Point Software Technologies entered into a definitive agreement to acquire Spectral, and the transaction is expected to close imminently. Spectral´s products will be available immediately under the CloudGuard product suite.

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Facebook: https://www.facebook.com/checkpointsoftware
Blog: https://blog.checkpoint.com
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LinkedIn: https://www.linkedin.com/company/check-point-software-technologies

About Check Point Software Technologies Ltd. 
Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading provider of cyber security solutions to corporate enterprises and governments globally.  Check Point Infinity´s portfolio of solutions protects enterprises and public organisations from 5^th generation cyber-attacks with an industry leading catch rate of malware, ransomware and other threats. Infinity comprises three core pillars delivering uncompromised security and generation V threat prevention across enterprise environments: Check Point Harmony, for remote users; Check Point CloudGuard, to automatically secure clouds; and Check Point Quantum, to protect network perimeters and datacenters, all controlled by the industry’s most comprehensive, intuitive unified security management. Check Point protects over 100,000 organizations of all sizes.

About Spectral
Spectral is a lightning-fast, developer-first cybersecurity solution that acts as a control-plane over source code and other developer assets. It finds and protects against harmful security errors in code, configurations and other artifacts. Spectral employs the first hybrid scanning engine, combining AI and hundreds of detectors, ensuring developers can code with confidence while protecting companies from high-cost mistakes.

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

FAQ

What is Check Point's latest acquisition announcement?

Check Point announced the acquisition of Spectral, a developer-first security tools provider, enhancing its CloudGuard platform.

How will the acquisition of Spectral impact Check Point's cloud security capabilities?

The acquisition will significantly extend Check Point's capabilities in cloud application security, addressing the needs of developers.

What is the significance of the 500 million apps statistic?

By 2023, it's projected that over 500 million digital apps will be developed using cloud-native approaches, highlighting the increasing need for robust security solutions.

What features do Spectral's security tools offer?

Spectral's tools provide Infrastructure as Code scanning, hardcoded secrets detection, and fast code scanning, all aimed at developer security.

When is the acquisition of Spectral expected to close?

The acquisition is expected to close imminently.