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Check Point Press Releases


CHECK POINT SOFTWARE TECHNOLOGIES ACQUIRES AVANAN, THE FASTEST GROWING CLOUD
EMAIL AND COLLABORATION SECURITY COMPANY, TO REDEFINE SECURITY FOR CLOUD EMAIL


WITH EMAIL THREAT LANDSCAPE BECOMING WIDER EVERY YEAR, THE INTEGRATED CHECK
POINT SOFTWARE AND AVANAN OFFERING WILL DELIVER BEST-OF-BREED CLOUD E-MAIL
MALWARE PROTECTION AND EXPAND SECURITY TO SAAS COLLABORATION SUITES


San Carlos, CA  —  Mon, 30 Aug 2021

Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of
cyber security solutions to corporate enterprises and governments globally,
today announced the acquisition of Avanan, the fastest growing cloud email
security company. Avanan technology provides the highest level of security for
emails and SaaS collaboration suites. Avanan will integrate into the Check Point
Infinity consolidated architecture to deliver the world’s most secure email
security offering. Utilizing patented technology designed and built for cloud
email environments, this will be the only unified solution in the market to
protect remote workforce from malicious files, URLs and Phishing across email,
collaboration suites, web, network, and endpoint.

Email technologies have evolved and transitioned from on premise solutions to
the cloud. With 95% of cyber-attacks targeting enterprise networks are caused by
successful spear phishing, the cloud email threat landscape has never been
wider. The amount of phishing attacks doubled in 2020, with almost every
Microsoft Office 365 user in the world attacked at least once.

The COVID-19 pandemic and the move to remote work continue to fuel the adoption
of cloud office systems and the use of other collaboration suites beyond email
(e.g. Teams, Slack, OneDrive), expanding users’ exposure to cyber-attacks even
more. This expanded threat landscape requires a new approach to email security
since conventional solutions built for on-premises email have failed to adapt
for the cloud. Legacy email solutions (SEG) impair native security tools, are
blind to cloud threats, and cannot protect collaboration suites.

Avanan, founded in 2015, is the world’s fastest growing cloud-email security
vendor. The company developed a patented application-programming interface (API)
solution to stop email threats before arriving to the inbox (inline), for both
internal and external emails using AI based engines. With over 100 employees, it
protects more than 5000 customers and over 2.5 million inboxes. The solution
deploys in minutes like an app and is configured in a few clicks.

“More and more businesses are moving to cloud-email platforms and with email
becoming a major channel to launch devastating cyber-attacks, this acquisition
represents a huge potential as organizations are looking for a new approach to
email and collaboration suite security,” said Dr. Dorit Dor, Check Point’s Chief
Product Officer. “By integrating Avanan into Check Point Infinity, organizations
will be able to modernize legacy solutions with email security as-a-service and
protect cloud email and collaboration suites from the most sophisticated
attacks.  We’ve been using the Avanan technology as an OEM for the last 3 years
and I am confident that with this new addition, customers will enjoy the best
email security with the best cyber security capabilities.”

“Avanan’s journey to reinvent email security is starting a whole new chapter. By
merging with Check Point Software, we are combining Avanan’s best in class A.I.
that catches the sophisticated email-borne attacks everyone else misses, with
Check Point Software’s unparalleled security capabilities and threat
intelligence,” says Gil Friedrich, CEO and co-founder of Avanan. “With Check
Point Software’s global organization, we plan to bring our joint solution to all
organizations, of all sizes and geographies, to anyone that needs better
security for their email and collaboration suite”.

Check Point Software entered into a definitive agreement to acquire Avanan and
the transaction is expected to close imminently.

Check Point Infinity is the industry’s first consolidated security architecture,
providing the highest level of threat prevention against both known and unknown
cyber-threats. The integration of Avanan technology into the Check Point
Infinity architecture is set-to deliver the highest level of security to remote
workforces worldwide, providing the only unified solution that will protect from
malicious files, URLs and phishing across email, collaborations apps, web,
network, and endpoint. The unified solution will allow organizations to:

 * Modernize legacy solutions (SEG) with email security as a service and protect
   cloud email in less than 5 minutes.
 * Stop 30% more infected emails than any conventional email security solution
   with best of breed malware protection and no impact in productivity:
   preventing phishing attacks and malicious files from landing in the inbox,
   eliminate hazardous clicks on emails with click time URL protection and
   prevent attack expansion before any damage is evident with automatic post
   attack remediation.
 * Protect email data loss (internal and external) with the most secure and
   flexible solution: security admins have multiple response actions to protect
   data before it leaves the organization.
 * Protect SAAS collaboration suites such as OneDrive, Google Drive, Teams,
   Share Point, Slack, Box and more, from Malicious URLs, infected files, and
   data loss prevention (DLP).

About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading
provider of cyber security solutions to corporate enterprises and governments
globally.  Check Point Infinity´s portfolio of solutions protects enterprises
and public organizations from 5th generation cyber-attacks with an industry
leading catch rate of malware, ransomware and other threats. Infinity comprises
three core pillars delivering uncompromised security and generation V threat
prevention across enterprise environments: Check Point Harmony, for remote
users; Check Point CloudGuard, to automatically secure clouds; and Check Point
Quantum, to protect network perimeters and datacenters, all controlled by the
industry’s most comprehensive, intuitive unified security management. Check
Point protects over 100,000 organizations of all sizes.

About Avanan

Avanan has defined the cutting edge of email security with its patented inline
protection and innovative machine learning since its founding in 2015. Avanan is
committed to continuous innovation and to define the future of email and
collaboration security. Over 5,000 customers use Avanan technology. Industry
reviews like Gartner, position Avanan a leader in email security.




 

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