Connect with us

Hi, what are you looking for?

Jewish Business News

Business

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.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.