CheckPoint buys Israeli Startup Dome9 for $175 million

Information Security Company Check Point earned $198 million in the third quarter of 2018; Sales totaled $471 million, up 4% year-over-year

CheckPoint

CheckPoint buys Israeli startup Dome9 for $175 million in cash. The acquired company provides cloud security services. This is CheckPoint’s first acquisition since acquiring Lacoon in 2015.

CheckPoint earned $198 million in the third quarter of 2018. The analysts’ forecast was $1.22 per share, and Check Point said it was

CheckPoint’s revenues grew 4% in the third quarter of 2018 compared to the same quarter in 2017, reaching $ 471 million, $ 5 million more than the average forecast, and $ 7 million above the company’s own forecast.

In acquiring Israel’s Dome9 for $ 175 million in cash, CheckPoint will use its $ 4.1 billion cash box.

Dome9 was established in 2011 and is active in the field of cloud infrastructure security and provides its customers with an active system for the discovery, remediation and enforcement of cloud security policies, remote access to cloud resources and authorization management to enable organizations to use major public cloud services such as Amazon’s AZS, AZURE and Microsoft – GCP’s rolled securely.

9Dome’s revenues totaled $ 10 million a year. Dome9’s investors include Softbank and the Opus and Ibex funds. The company has raised $25 million so far.

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