Check Point acquires Israeli security start-up
Internet and network security provider Check Point Software Technologies has confirmed that it has acquired stealth Israel-based start-up Hyperwise Security.
After rumours of the deal early yesterday, CheckPoint confirmed the acquisition in a statement in which it detailed that it would look to incorporate Hyperwise's technology into its products so to detect malware (via sandboxing) at an earlier stage.
“Current approaches to threat prevention have traditionally focused on detecting and blocking malware only after the malware is already active, resulting in an unaddressed threat gap in the earlier phases of attack,” reads the statement. “With the acquisition of Hyperwise's advanced technology, Check Point will now address this gap by enabling the detection of threats at the pre-infection stage.”
There is some symmetry between the two firms'; both have headquarters in Tel-Aviv, Israel, while the two-year-old Hyperwise was formed by Shlomo Kramer, the co-founder of CheckPoint who left the security giant in 2003. Kramer also founded Imperva and has been an early investor and board member in several security firms, including Palo Alto Networks and Trusteer (now owned by IBM).
Financial details of the deal have not been disclosed, although local newspaper Calcalist reported on Wednesday that the acquisition will cost Check Point US$ 80 million (£51.85 million).