Check Point acquires the Israeli syber startup Protego for about $ 40 million


by Ifi Reporter Category:Hitech Dec 2, 2019

Israeli cyber security company Checkpoint has announced the acquisition of Israeli cyber company Protego from Israel. According to Checkpoint, the acquisition will extend cloud protection services to customers using serverless cloud applications (Cerberles). The purchase amount is estimated at $ 40 million.
Check Point announced that it would "integrate technology as part of its unified Infinity defense architecture" and that the acquisition will help Checkpoint "help organizations protect themselves from fifth and sixth generation cyber attacks."
Protago was founded in 2015 under the name "Ar Meron" and in 2017 changed its name to Protago. The company was founded by CEO Zion Gonen, Vice President of Technologies Hillel Solo, Bnei Zamor, Shelly Moore and Itai Harosh. According to IVC data, among the funds invested in Prototech Galilee Capital, Gula Tech and MizMaa Ventures. The company invested a total of about $ 7 million.
This is the fourth purchase that Checkpoint has made since October last year. She was preceded by the acquisition of Dome9, Porsnock, and Simplify, which was acquired two weeks ago.
SimplyPy is developing cyber protection technology for the Internet of Things (IoT) technology was established this year and did not mobilize before it was purchased. The amount of the deal with Simplify was not disclosed, but it is estimated to be a few million dollars. The company was founded in Kiryat Ono by Ram Yunish, Yahli Sahar and Gili Jankovic, and did not employ any additional employees.
Founded in January of this year, Forsnock, which was acquired in January this year, has developed Web Security and Application Programming Interface (API) security technology based on real-time machine learning and behavior. As in the case of Protago, even with the acquisition of Porsnock, Checkpoint announced that it intends to integrate its technology into Infinity's defense architecture.
According to Checkpoint, the system developed by Doom 9 in October 2018, it "has diverse capabilities in cloud discovery, repair and enforcement capabilities, remote cloud resource access and privilege management, enabling organizations to securely use the largest public cloud services in the market. ".
Check Point  aquired also Dome9 in a transaction that is intended to strengthen Check Point's value proposition in cloud infrastructure security. The deal is worth $ 175 million, plus an additional amount on options and restricted shares, a high amount but not considered significant for Check Point, which at the end of the third quarter had cash and investments in excess of $ 4 billion.

The company's recent acquisitions were in 2015, when it paid tens of millions of dollars for each of the start-ups - Hyperwise and Lacoon from Israel. According to Shwed, there are other deals being considered.
Dome9 was founded in 2011 and Check Point notes that it has a significant reputation in cloud security. This is an impressive exit for Dome9, which has raised $ 25 million since its inception. In April 2017, it raised $ 16.5 million, led by Softbank's strategic arm. CEO Zohar Alon and his co-founder, his cousin Roi Feintuch, together hold 25% of the company, so they will receive about $ 44 million together in the deal.

Check Point is an Israeli company that develops software for information security, network and computer security, mobile devices and the cloud, and is best known for developing firewall software, VPN, and advanced security for cyber threats. As of the end of 2018, the company employs approximately 5,070 employees in 42 countries around the world. Headquartered in Tel Aviv and San Carlos. The company has other development centers in the United States, Sweden and Belarus.



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