Israeli cybersecurity startup Check Point Software Technologies announcement this week they acquired Avanan, a cloud email security company.
Check Point has entered into a definitive agreement to acquire Avanan. They did not disclose financial details, but said the transaction “is expected to close imminently.”
The acquisition would be around $ 280 million in cash and stock, according to Globe.
Founded in 2015 by Gil Freidrich, Avi Zelovich, Roy Rotem, and Michael Landewe, Avanan is a cloud-based email security platform that intercepts advanced cyber attacks that evade default and advanced security tools. The platform’s invisible multi-layered security enables comprehensive protection of cloud collaboration solutions like Microsoft and Slack.
Avanan will integrate into Check Point Infinity’s consolidated architecture “to deliver the world’s most secure messaging security offering” using patented technology designed and engineered for cloud messaging environments. “It will be the only unified solution on the market to protect the remote workforce against malicious files, URLs and phishing in email, collaboration suites, the web, network and endpoints. “the cybersecurity giant said in a statement.
With 95% of cyber attacks Targeting of corporate networks caused by successful phishing, the cloud email threat landscape has never been wider, according to Check Point The number of phishing attacks doubled in 2020, with every Microsoft Office 365 user around the world attacked at least once
The COVID-19 pandemic and the shift to remote working also continue to fuel the adoption of cloud-based desktop systems and the use of collaboration suites beyond email, further increasing the exposure of workers. users to cyber attacks.
The broader threat landscape “requires a new approach to email security because conventional solutions designed for on-premises email have failed to scale to the cloud,” Check Point said.
“As more businesses are turning to cloud-based messaging platforms, and with email becoming a major channel for launching devastating cyber attacks, this acquisition holds huge potential as organizations seek a new approach to security. messaging and collaboration suite, ”said Dr. Dorit Dor, product manager at Check Point. “By integrating Avanan into Check Point Infinity, businesses will be able to modernize existing solutions with email security as a service and protect cloud messaging and collaboration suites against the most sophisticated attacks. We have been using Avanan technology as an OEM for 3 years and I am confident that with this new addition, customers will enjoy the best email security with the best cybersecurity capabilities.
“Avanan’s journey to reinvent email security opens a whole new chapter. By merging with Check Point Software, we combine Avanan’s best AI that detects sophisticated email-delivered attacks that everyone misses, with the unmatched security capabilities and threat intelligence of Check Point Software, ”said said Gil Friedrich, CEO and co-founder of Avanan. . “With the global organization of Check Point Software, we plan to bring our common solution to all organizations, of all sizes and geographies, to anyone who needs better security for their messaging suite and collaboration. “