Check Point buys Perimeter 81 for $490M
CALIFORNIA, UNITED STATES — Check Point Software Technologies, a cybersecurity solutions provider, has agreed to acquire pioneering Security Service Edge (SSE) company Perimeter 81 for approximately $490 million.
The acquisition aims to help organizations accelerate the adoption of secure access across remote users, sites, cloud, data centers, and the internet while delivering the fastest and most secure SSE solution in the market.
The acquisition comes amid the ongoing global shift to hybrid work and the migration of data centers to the cloud. Market intelligence firm Gartner forecasts the Secure Access Service Edge (SASE) market to exceed $20 billion by 2026, signifying the rising need for integrated security platforms.
Launched in 2018, Perimeter 81 serves more than 3,000 customers worldwide. The company offers a unique suite of capabilities, including Zero Trust Access and full mesh connectivity between users, branches, and applications. Compared to weeks with traditional solutions, it enables a simple and fast one-hour deployment.
Check Point plans to incorporate Perimeter 81’s advanced features into its Check Point Infinity’s framework, enhancing its security coverage across networks, the cloud, and remote access points.
“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,” said Gil Shwed, CEO at Check Point Software Technologies.
The deal is set to conclude in the third quarter of 2023, pending standard closing conditions.
