Check Point acquires Cyberint in $200 million deal
Check Point acquires Cyberint in $200 million deal
The Israeli startup specializes in threat intelligence, digital risk protection, and attack surface management, and Check Point plans to use its solutions to enhance its Security Operations Center. This marks Check Point's 22nd acquisition and the 10th Israeli company it has acquired in the last six years.
Check Point has acquired Cyberint Technologies, a company specializing in external risk management solutions. With this acquisition, Check Point aims to expand its services for Security Operations Center (SOC) personnel who focus on detecting cyber threats and addressing specific risks related to the collection and misuse of company information. Cyberint's products can be deployed in under 20 minutes, providing high-quality intelligence and effective solutions for issues such as stolen employee credentials, fake websites, and social media impersonation. Check Point plans to integrate Cyberint's solutions into its Infinity platform. Calcalist has learned that the acquisition is valued at approximately $200 million, including shares and cash.
Founded in Israel in 2010, Cyberint employs over 170 people across Israel, the USA, and Asia. The company serves customers ranging from Fortune 500 firms to small businesses worldwide. After the transaction, which is expected to close by the fourth quarter of this year, Cyberint's employees will join Check Point.
To date, Cyberint has raised $65 million from investors, including the Viola and StageOne funds, as well as private investors such as Dov Baharav and Mario Segal. This marks Check Point's 22nd acquisition and the 10th Israeli company it has acquired in the last six years.
“Leaked credentials and fake websites designed for malicious purposes are staggeringly prevalent today, with over 90% of organizations facing these threats. This highlights the urgent need for real-time intelligence and proactive defense strategies, which our technology is able to mitigate in an effective way,” said Yochai Corem, CEO at Cyberint. “We are thrilled to join the Check Point team. Integrating our solutions into the Infinity Platform will enhance our ability to protect organizations. Together, we will offer a more comprehensive security SOC offering that covers both internal and external threats.”
“We are excited to welcome Cyberint to the Check Point organization. Their solution aligns perfectly with our vision of collaborative threat prevention and enhances our SOC capabilities,” stated Sharon Schusheim, Chief Services Officer at Check Poin. “We will be able to turn identified risks into autonomous preventative actions and work collaboratively across Check Point and third-party security products to contain compromised assets and mitigate external exposures.”
