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Check Point To Acquire Atmosec, An Innovative Saas Security Vendor, As Part Of Its Strategy To Deliver The Most Secure Sase Solution

Sep 06, 2023almost 2 years ago

Acquiring Company

Check Point Software Technologies

Acquired Company

Atmosec

Redwood CityTel AvivInformation TechnologySoftwarePrivacy And SecurityData And AnalyticsSoftware

Description

Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has announced the acquisition of Atmosec. An early-stage start-up, Atmosec specializes in the rapid discovery and disconnection of malicious SaaS applications, preventing risky 3rd party SaaS communications, and rectifying SaaS misconfigurations. The move reinforces Check Point‘s commitment to enhance its SaaS security offering and address the security gaps and blind spots in SaaS applications. Atmosec was founded in January 2021 and employs 17 employees. The widespread adoption of SaaS applications has exposed organizations to an increased array of cyber threats. Statista reports an average use of 130 SaaS applications by organizations globally. Yet, Atmosec's research reveals that there are approximately 700 additional SaaS applications in use without IT's knowledge. Moreover, within popular enterprises SaaS platforms like O365 and Slack, hundreds of third-party apps are connected. This ever-expanding SaaS landscape not only increases the potential attack surface, but it also introduces many apps that could be harmful or misused to leak sensitive information, often bypassing proper IT authorization.“The shift to SaaS applications introduces specific challenges, notably in the realm of malicious SaaS-to-SaaS communications. Atmosec ́s capabilities in SaaS discovery, risk assessment, and full visibility are instrumental in addressing these challenges,” says Nataly Kremer, Chief Product Officer and Head of R&D at Check Point Software Technologies. “Integrating Atmosec’s technology into Check Point Infinity sets us to deliver one of the industry's most secure SASE solutions, enabling organizations to effectively manage SaaS security, prevent data leaks, unauthorized access, and malware dissemination, and ensure a robust, adaptive zero trust environment.”Key features of Atmosec's technology include:

Company Information

Company

Check Point Software Technologies

Location

Redwood City, California, United States

About

Check Point Software Technologies is a pioneering cybersecurity vendor known for bringing the modern firewall into existence. Co-founded in 1993 by Gil Shwed, the company has been led by Shwed for more than three decades.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed