California based Network Security provider Check Point Technologies has announced that it is acquiring Israeli firm Dome9 for n initial cash payment of $175 million. And the objective behind the acquisition is to offer the customers of Check Point Technologies the privilege of securing multi-cloud deployments across Google Cloud, Amazon Web Services and Microsoft Azure.
“Dome9’s inclusion into Check Point’s CloudGuard is said to provide the best cloud security solutions in the industry”, said Gill Shwed, CEO, Check Point. He added that the inclusion of the said platform will add rich cloud management and active policy enforcement capabilities to the Cloud Infinity Architecture of his company.
Mr. Shwed expects that the 4th quarter earnings of Check Point might get affected with the latest purchase by 2-4 cents a share.
“Combining forces allows us to provide a comprehensive platform to protect customers cloud deployments as they grow and evolve”, said Zohar Alon, Co-Founder, and CEO of Dome9.
Coming to the history of the Tel Aviv based cloud security startup Dome9; it was founded in 2011 to pre-position security and compliance in an era of rapid cloud adoption. By the year 2015, Dome9 succeeded in raising a little over $25 million from investors including Japan’s Softbank. The company has a headcount of over 100 people and has an annual sales tally of several millions of dollars.
Dome9 is well known to offer features such as intuitive visualization of security posture, compliance and governance automation, privileged identity protection and cloud traffic management along with event analysis.
NOTE- Vanguard, Cadence, Centrify, Pacific Life, Western Union are some of the Fortune 500 Company customers of Dome9.