Check Point Software intends to acquire an early-stage SaaS security business founded by former Armis leaders in order to anticipate and combat malicious application threats.
According to Vice President of Product Management Eyal Manor, the Silicon Valley-based platform security vendor’s proposed acquisition of Tel Aviv, Israel-based Atmosec will give customers a better understanding of what’s going on with the SaaS platforms that power their businesses, such as Office 365, Salesforce, and GitHub. Each of these platforms has thousands of apps running in the background, some of which are harmful.
“We really loved their technology. We loved the demo. This is exactly the share of mind that our customers are looking for. This is the share of mind that is basically part of our DNA. We saw that, and we really liked it,” Manor told Information Security Media Group.
In trading on Wednesday, Check Point’s shares rose $0.01, or 0.01%, to $133.86 per share. The acquisition’s terms, which are slated to conclude by mid-September, were not disclosed. Check Point agreed to buy New York-based zer
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