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 Check Point acquires Zone Labs for $205 million
December 16, 2003
Check Point will pay $113 million in cash and $92 million in stock for Zone Labs.
One of the Internet security pioneers, Check Point is focused on delivering the perimeter, internal and Web security solutions. Its Next Generation with Application Intelligence product suite includes VPN, firewall, management and performance solutions for enterprises of all sizes.
The purchase falls in line with a roadmap Check Point Chairman Gil Shwed recently set out for the company. He said that the company needs to address endpoint security and thus needs technology to meet this goal.
"We believe Zone Labs has the very best endpoint security solutions for both consumers and enterprises through the ZoneAlarm and Integrity product lines. These complement Check Point's vision and our SecureClient™ VPN/security client solution," said Gil Shwed, chairman and CEO of Check Point Software Technologies.
Zone Labs' product line includes Zone Labs Integrity(TM), enterprise endpoint security solution, ZoneAlarm(R) Pro, personal firewall for consumer and small business users, and the IMsecure(TM), instant messaging (IM) solution for enterprises, small businesses and consumers.
Check Point and Zone Labs share similar security visions, believing that proactive security is a requirement in today's dynamic and complex Internet threat environment and that secure Internet access is a critical business need for both small businesses and large enterprises.
"This acquisition is a logical and natural step in the evolution of both companies and will result in new market opportunities and deepened relationships with customers and partners", said Shwed.
Check Point also believes the acquisition will help it better position itself competitively through diversification because it opens opportunity for Check Point to sell a broader range of products that will work in concert.
The merger, approved by the boards of both companies, is expected to close in
the spring of 2004.
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