Check Point to acquire Perimeter 81 in $490M deal

San Carlos, Calif.-based cyber security solutions provider Check Point has signed a definitive agreement to buy Perimeter 81, a security service edge (SSE) company. The deal is valued at approximately $490 million. The acquisition is set to conclude in the third quarter of 2023, pending standard closing conditions.

Founded in 2018, Perimeter 81 has over 200 employees and caters to more than 3,000 customers worldwide. The company combines cloud-based and on-device protection. Its suite includes Zero Trust Access, and full mesh connectivity between users and applications.

Check Point plans to incorporate Perimeter 81’s features into its own Infinity architecture, aiming for a cohesive security solution across networks, cloud platforms, and remote user interfaces.

As per Gartner, the Secure Access Service Edge (SASE) market is projected to reach over $20 billion by 2026.

[Image courtesy: Perimeter 81]

Just in

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities. 

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon.