Check Point® Software Technologies Ltd, a global provider of cybersecurity solutions, signs a definitive agreement to acquire Perimeter 81, a Security Service Edge (SSE) company. With this acquisition, Check Point aims to accelerate the adoption of secure access across remote users, sites, cloud, data centres and the Internet, while providing the most secure and fastest SSE solution on the market. Under the agreement, Check Point will acquire Perimeter 81 for approximately $490 million with no cash or debt
Hybrid working is now the standard for businesses worldwide, and digital transformation is continually moving data centres to the cloud. This shift requires an advanced approach to network security that can seamlessly adapt and respond to the demands of modern, distributed enterprises. Gartner projects that the Secure Access Service Edge (SASE) market will exceed $20 billion by 2026, underscoring the need for enterprises to adopt a consolidated security architecture.
Perimeter 81 was founded in 2018 with a team of over 200 employees and serves more than 3000 customers worldwide. The company, recognised as a leader in the Forrester Zero Trust Wave, offers an innovative approach to SSE that combines cloud and on-device protection. Perimeter 81 offers a suite of features including Zero Trust Access, full mesh connectivity between users, branch offices and applications. This allows remote users to benefit from fast, secure internet browsing anywhere while avoiding privacy breaches in the cloud. Perimeter 81 also enables easy and fast deployment within one hour.
Check Point intends to leverage Perimeter 81’s capabilities and integrate them with Check Point Infinity’s architecture to deliver a unified security solution for the network, cloud and remote users, backed by industry-leading threat defences.
“With the advent of hybrid work and increasing cloud transformation, there is a growing demand for security services that extend beyond the network perimeter,” said Gil Shwed, CEO of Check Point Software Technologies. “By leveraging Perimeter 81’s capabilities and integrating them into the Check Point Infinity platform, we continue our vision of delivering best-in-class security through comprehensive, collaborative and consolidated solutions.”
“This strategic move marks an exciting time for our company, our partners and our customers. By joining forces with Check Point, a global leader in cybersecurity for over 30 years, we aim to offer the leading SASE platform in the market,” said Amit Bareket, CEO of Perimeter 81. “Our merger is a significant step towards providing comprehensive and scalable security for the modern age. We look forward to the positive impact we will create together.”
Check Point’s acquisition of Perimeter 81 is subject to customary closing conditions and is expected to close in the third quarter of 2023 (approximately 60 days).