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Cyber-security company Check Point Software Technologies on Thursday announced it is acquiring Perimeter 81, a security service edge (SSE) company, for approximately $490 million.With this, Check Point will help organisations accelerate the ...
There is yet more M&A coming out of the security industry. In the latest development, Check Point, the enterprise cybersecurity company, has picked up Perimeter 81 to beef up its tools for remote and hybrid workers. Check Point will pay around $490 million for thon a "cash free, debt free" basis for the Israeli startup, it said in a statement today.
Deal comes after Perimeter 81 was valued at $1 billion in June 2022; Founded in 2018, the startup develops network cybersecurity solutions for hybrid workplaces
Check Point will acquire Perimeter 81 for $490 million to deliver a unified security solution across the network, cloud, and remote users.
Check Point is paying $490 million for the cloud and network security company, which raised money last year at a valuation of $1 billion.