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Check Point acquires Israeli co Cyberint for $200m

Check Point CEO Nadav Zafrir credit: Shlomi Yosef
Check Point CEO Nadav Zafrir credit: Shlomi Yosef
27 Aug, 2024 15:47
שלח תגובה במיילAssaf Gilead

The threat intelligence and digital protection company has raised an estimated $65 million, thus providing investors with handsome returns.

Israeli cybersecurity company Check Point Software Technologies Ltd. (Nasdaq: CHKP) has announced the acquisition of Israeli threat intelligence and digital protection company CyberInt. No financial details were disclosed but market sources estimate that the acquisition is for about $200 million cash - a reasonable return for investors in Cyberint, which has raised an estimated $65 million.

This is veteran company Check Point's 22nd acquisition and comes just one month after the announcement that Nadav Zafrir has been appointed CEO to replace founder Gil Shwed, who will become executive chairman.

Investors in Cyberint include Viola Growth Fund, StageOne Ventures and private investors like former Amdocs CEO Dov Baharav and Avi Naor. According to IVC, Cyberint was founded by Raz Alon, Itay Yanovski and Shay Priel, who are no longer involved in the company's management. Cyberint's CEO is Yochai Corem and the company has 170 employees.

Published by Globes, Israel business news - en.globes.co.il - on August 27, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Check Point CEO Nadav Zafrir credit: Shlomi Yosef
Check Point CEO Nadav Zafrir credit: Shlomi Yosef
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