Check Point Buying Zone Labs

Enterprise Networks & Servers,  Jan 2004  

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Check Point Software Technologies is acquiring privately held Zone Labs, provider of endpoint security solutions, for $205 million. Check Point will pay approximately $113 million in cash and approximately $92 million in shares, and will also assume employee stock options of Zone Labs that could convert to approximately 2.9 million Check Point shares.

Zone Labs' endpoint security solutions for enterprises, small businesses and consumers will strengthen Check Point's perimeter, internal and Web security portfolio and entrance into the field of endpoint security. Additionally, Check Point will gain access to more than 200 Zone Labs employees and more than 25 million customers worldwide.

"We believe Zone Labs has the very best endpoint security solutions for both consumers and enterprises through the ZoneAlarm and Integrity product lines. These complement Check Point's vision and our SecureClient VPN/security client solution," said Gil Shwed, chairman and CEO of Check Point. "Both companies share a deep commitment to customers, and this acquisition will enable us to deliver the industry's most comprehensive end-to-end Internet security to all types of customers from consumers to the largest enterprises."

Zone Labs' product line includes Zone Labs Integrity, its flagship enterprise endpoint security solution, ZoneAlarm Pro, its personal firewall for consumer and small business users, and the IMsecure product line, the company's instant messaging security solutions for enterprises, small businesses and consumers.

Copyright Publications & Communications, Inc. Jan 2004
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