Perimeter 81, a Tel Aviv-based cybersecurity startup, will be acquired by Check Point Software Technologies for $490 million, Check Point announced on Thursday.
Perimeter 81 began operations in 2018 and now has 3,000 clients worldwide. In order to provide unified security solutions for users working on networks, in the cloud, or remotely, Check Point, a Tel Aviv-based company, said it intended to leverage Perimeter 81’s threat prevention capabilities, particularly its “Zero Trust Access” system, and integrate them into Check Point Infinity’s architecture.
According to the cybersecurity paradigm known as “Zero Trust Access,” users must always be permitted and authenticated.
The need for security services that go outside the network perimeter is growing, according to Check Point CEO Gil Shwed, as hybrid work and cloud transformation take off.
“By leveraging Perimeter 8’s capabilities and integrating them into the Check Point Infinity platform, we continue with our vision to deliver the best security through comprehensive, collaborative, and consolidated solutions,” Shwed said.
With more than 200 staff members and more than 3,000 clients worldwide, Perimeter 81 was founded in 2018.
CEO and co-founder of Perimeter 81, Amit Bareket, declared: “This strategic change ushers in an exciting time for our business, partners, and clients.
We hope to provide the best SASE [secure access service edge] platform on the market by partnering with Check Point, a company that has been a leader in cyber security for over 30 years.
By the end of the 2023 third quarter, according to Check Point, the transaction is anticipated to be finalized.