In a significant move, Check Point, a prominent global provider of cyber security solutions, has entered into a definitive agreement to acquire Perimeter 81, a pioneering company specializing in Security Service Edge (SSE) solutions. This strategic step is poised to enhance organizations’ ability to ensure secure access across various platforms, including remote users, cloud services, data centers, and the Internet. The ultimate goal is to offer the most robust and fastest SSE solution available in the market. The acquisition is valued at approximately $490 million, under the terms of a cash-free and debt-free arrangement.
Meeting the Demands of Hybrid Work and Cloud Migration
In the current business landscape, the adoption of hybrid work models has become the norm, while digital transformation continuously propels data centers into the cloud. This fundamental shift necessitates a sophisticated approach to network security that can seamlessly adapt to the evolving needs of modern, dispersed enterprises. Experts from Gartner predict that the Secure Access Service Edge (SASE) market will surpass $20 billion by 2026, underscoring the importance for businesses to embrace a consolidated security architecture.
Perimeter 81’s Unique Offering
Established in 2018, Perimeter 81 boasts a team of more than 200 professionals and serves a global clientele exceeding 3,000 customers. The company has gained recognition as a leader in the Forrester Zero Trust Wave, owing to its innovative approach to SSE, which combines cloud and on-device protection. Notably, Perimeter 81 provides a distinctive suite of capabilities, including Zero Trust Access and full mesh connectivity between users, branches, and applications. This empowers remote users to enjoy secure internet browsing with speed, regardless of their location, all while addressing concerns regarding cloud privacy breaches. What sets Perimeter 81 apart is its ability to facilitate swift deployment in just one hour, a process that would typically take weeks with conventional solutions. This emphasis on user-friendliness and streamlined management is central to their ethos.
Synergizing Capabilities for Enhanced Security
Check Point’s strategic intent involves harnessing the capabilities of Perimeter 81 and seamlessly integrating them into the architecture of Check Point Infinity. This amalgamation aims to provide a unified security solution that spans networks, cloud environments, and remote users, fortified by cutting-edge threat prevention mechanisms. Perimeter 81 aligns ideally with Check Point’s vision to deliver an unparalleled, swift, and highly secure SASE solution.
Leadership Voices
“With the advent of hybrid work and the rise of cloud transformation, the demand for security services that expand beyond the network perimeter is increasing,” says Gil Shwed, CEO at Check Point Software Technologies. “By leveraging Perimeter 81´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.”
“This strategic move marks an exciting period for our company, partners, and customers. By joining Check Point, a global leader in cyber security for over 30 years, we aim to deliver the premier SASE platform in the market,” says Amit Bareket, CEO at Perimeter 81. “Our interconnection represents a significant step towards a comprehensive and scalable security for the modern era. We look forward to the positive impact we will jointly create.”
Check Point’s acquisition of Perimeter 81 is subject to customary closing conditions and is anticipated to conclude in the third quarter of 2023.
TL;DR
Check Point’s acquisition of Perimeter 81, a pioneering Security Service Edge (SSE) company, for approximately $490 million, will enhance secure access across various platforms. This strategic move comes in response to the demands of hybrid work and cloud migration, offering advanced network security solutions. Perimeter 81’s unique capabilities, including Zero Trust Access and swift deployment, will be integrated into Check Point’s architecture, creating a robust and agile security framework for the modern enterprise.
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