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November 21, 2006
Checkpoint Offers $586M For Swedish Data Protection Company
It looks like virus protection software firm Check Point Software Technologies figures the increasing number of news items about executives losing their laptops stuffed full of customer data and credit card numbers is an opportunity to grow its business, as it has made a $586M offer to acquire publicly-traded Protect Data the Swedish company behind Pointsec Mobile Technologies, a US registered company specialized in providing security solutions for cellphones, PDA, and Notebook PCs. The deal is subject to approval by shareholders and regulatory authorities.
Ovum, the UK market research firm, sees this as a defensive move by Checkpoint to keep up with rivals Symantec and Mcafee, and that it will have to make some buys to complete the suite. Pointsec uses encryption technology it licensed from F-Secure. Correction Nov. 23/06: F-Secure is a not a Swedish company, as we originally wrote here, it is a public Finnish company listed on the Scandinavian OMX exchange.
Read- CheckPoint announces acquisition of Pointsec Mobile Technologies (ovum)
Posted on November 21, 2006 02:58 PM | Posted to News And Updates | Permalink
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