Check Point will add 170 employees with the planned acquisition of external risk management firm Cyberint.
Check Point Software Technologies aims to add more than 170 employees with the planned acquisition of external risk management firm Cyberint Technologies, the company said Tuesday.
Check Point said it has reached an agreement to acquire the 14-year-old company for undisclosed terms.
Cyberint was founded in 2010 and focuses on providing digital risk protection, threat intelligence and attack surface management capabilities to assist with preventing threats such as fake websites and impersonation of employees and social media accounts, according to Check Point.
In a news release, Check Point said the addition of Cyberint’s capabilities will enable the company to “turn identified risks into autonomous preventative actions.”
Cyberint’s technology will be integrated with Check Point’s Infinity Platform, the company said in the release.
The acquisition is expected to close by the end of the year, according to Check Point.
The deal follows Check Point’s announcement last month that venture capitalist Nadav Zafrir will replace Gil Shwed as CEO of the cybersecurity vendor in December.
Shwed played a chief role in bringing the modern firewall into existence and, in 1993, co-founded Check Point. Check Point had disclosed in February that Shwed planned to step down once a successor was found. Shwed will move into an executive chairman position once Zafrir takes over as CEO, Check Point said.
Zafrir has spent the past decade as co-founder and managing partner at VC firm Team8, which has focused on sectors including cybersecurity.