Avanan CEO Gil Freidrich, courtesy
Check Point Software Technologies, the renowned Israeli cybersecurity company, has bought out fellow Israeli company Avanon for a reported $280 million. Avanon provides email security solutions. The deal is for both cash and shares in Check Point.
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Check Point says that it will integrate Avanon into its Check Point Infinity consolidated architecture to deliver “the world’s most secure email security offering.”
Cloud computing is no longer the wave of the future, it is the reality of the here and now. E mail is just one example of software, or services, that are provided with the use of cloud computing. Check Point explains that 95% of cyber-attacks targeting enterprise networks are caused by successful spear phishing, thereby making the cloud email threat landscape greater than ever. The number of phishing attacks doubled in 2020, with every Microsoft Office 365 user in the world being attacked at least once.
Founded in 2015, Avanan is a cloud-email security vendor. The company developed a patented application-programming interface (API) solution to stop email threats before arriving to the inbox (inline), for both internal and external emails using AI based engines. Avanon says that its tech protects more than 5000 customers and over 2.5 million in boxes.
Avanan’s innovative email security. @CheckPointSW‘s industry-leading security software. Now, all in one place. Read more about Check Point acquiring Avanan here:https://t.co/Y77j3ds92k pic.twitter.com/LSAwG2aLN5
— Avanan (@AvananSecurity) August 30, 2021
“More and more businesses are moving to cloud-email platforms and with email becoming a major channel to launch devastating cyber-attacks, this acquisition represents a huge potential as organizations are looking for a new approach to email and collaboration suite security,” said Dr. Dorit Dor, Check Point’s Chief Product Officer. “By integrating Avanan into Check Point Infinity, organizations will be able to modernize legacy solutions with email security as-a-service and protect cloud email and collaboration suites from the most sophisticated attacks. We’ve been using the Avanan technology as an OEM for the last 3 years and I am confident that with this new addition, customers will enjoy the best email security with the best cyber security capabilities.”
“Avanan’s journey to reinvent email security is starting a whole new chapter. By merging with Check Point Software, we are combining Avanan’s best in class A.I. that catches the sophisticated email-borne attacks everyone else misses, with Check Point Software’s unparalleled security capabilities and threat intelligence,” says Gil Friedrich, CEO and co-founder of Avanan. “With Check Point Software’s global organization, we plan to bring our joint solution to all organizations, of all sizes and geographies, to anyone that needs better security for their email and collaboration suite.”