Online and network security provider Check Point Software Technologies is planning to purchase Israeli Lacoon Mobile Security for a rumored $100 million, Check Point’s CEO announced in a press conference on Thursday.
Check Point was established in Ramat-Gan, Israel in 1993. Today is an international provider of software and combined hardware and software products for IT security. Check Point competes in the antivirus industry against Avira, ESET, F-Secure, Kaspersky, McAfee, Panda Security, Sophos and Symantec.
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In February, Check Point bought Israeli cyber-security start-up Hyperwise for $60 million, and is planning to hire 600 workers in Israel this year, to improve its research and development.
Lacoon’s software helps prevent cyber attacks on mobile phones. It is being used by Samsung, Intel and Dell. The same software will be integrated into Check Point’s proprietary mobile security solution, Capsule.
Check Point’s website described Lacoon’s product as “Industry-leading mobile security for best threat prevention.”
Check Point noted that “Lacoon is the only company to provide a solution to secure the entire mobile device, with the best advanced threat catch-rate for enterprise-grade mobile security platforms.
“It not only provides the most comprehensive solution for iOS and Android, but also delivers real-time mobile security and intelligence to an organization’s existing security and mobility infrastructures.”
In short, Check Point believes Lacoon’s technology “detects device, application and in-network threats that others will miss.”
Check Point founder and CEO Gil Shwed said on Thursday: “Companies are not necessarily protecting the data on mobile devices properly. We found that Lacoon had the best and most advanced solution to prevent threats.”
Lacoon, which was founded in 2011, employs 40 people and can support up to 300, 000 mobile devices, according to Shwed.
“This is our second acquisition in Israel this year and is part of our effort to boost the level of innovation in threat prevention, ” Shwed said.
