Check Point Expands Cybersecurity Portfolio with Acquisition of Israeli Startup Avanan
This marks Check Point's sixth acquisition in three years, reflecting its strategy to bolster cybersecurity offerings amid a nearly 50% increase in cyberattacks. This platform is designed to enhance the detection and management of cyber threats, responding to the nearly 50% increase in cyberattacks observed recently.
Check Point Software Technologies, a prominent player in the cybersecurity sector, has announced the acquisition of Avanan, an Israeli startup renowned for its advanced email security solutions. This strategic move is designed to enhance Check Point's capabilities in protecting enterprise networks from the growing threat of cyberattacks.
Avanan: A Brief Overview
Avanan, founded in 2015 in Tel Aviv, has established itself as a significant force in the cybersecurity landscape. The company specializes in protecting email infrastructures, providing security solutions for over 5,000 clients globally and securing approximately 2.5 million inboxes. Avanan's technology is specifically designed to target malicious files and phishing attempts, which have become increasingly prevalent in recent years.
Statistics reveal that 95% of cyberattacks specifically target enterprise networks, making robust email security solutions an essential component of organizational cybersecurity strategies. The urgency of such measures has been underscored by the doubling of phishing attacks in 2020, a trend that Avanan's solutions are well-positioned to combat.
Integration with Check Point's Software
Check Point's acquisition of Avanan is primarily geared towards integrating Avanan's advanced email security features with Check Point's existing software suite. This integration aims to bolster Check Point's ability to provide comprehensive protection across various digital platforms, addressing the vulnerabilities that enterprises face in their email communications.
This acquisition marks Check Point's sixth such transaction in the past three years, highlighting the company's aggressive strategy to expand its cybersecurity offerings. Previously, Check Point acquired Odo Security, another Israeli firm, for approximately $30 million, further solidifying its foothold in the cybersecurity industry.
Daylight: A New Player in Cybersecurity
In addition to Avanan, the cybersecurity landscape is witnessing the emergence of Daylight, a company that is less than a year old. Founded by veterans of Israel's elite intelligence Unit 8200, Daylight focuses on an AI-driven managed detection and response platform. This platform is designed to enhance the detection and management of cyber threats, responding to the nearly 50% increase in cyberattacks observed recently.
Daylight's founders, leveraging their experience from Unit 8200, have developed an advanced AI-driven detection platform that aims to revolutionize how organizations respond to cybersecurity threats. Although Daylight is a new entrant in the field, its foundational expertise and innovative approach position it as a noteworthy entity in the cybersecurity domain.
Strategic Focus and Industry Implications
Check Point's acquisition of Avanan is not an isolated move but part of a broader strategic focus on enhancing its cybersecurity offerings. The company targets various cybersecurity threats, with a particular emphasis on protecting enterprise networks from the burgeoning threat of phishing and other cyberattacks.
Industry observers note that such acquisitions reflect a growing trend among established cybersecurity firms to integrate innovative solutions from startups into their product portfolios. This trend is driven by the increasing sophistication of cyber threats and the need for comprehensive, integrated security solutions that can effectively safeguard digital infrastructures.
As the cybersecurity landscape continues to evolve, the integration of Avanan's email security technology into Check Point's offerings is expected to provide enhanced protection for enterprises worldwide. This development underscores the importance of strategic acquisitions in the ongoing battle against cyber threats, highlighting the critical role that innovation and integration play in maintaining digital security.