Check Point Acquires Nokias Security Appliance Biz

Check Point Software Technologies (CHKP) will acquire Nokia’s (NOK) security appliance business in an agreement signed today. The two companies say this is the natural culmination of more than a decade of working together.

“For over 10 years, the security appliance business within Nokia has held a leading position in the security appliance market. Our IP security platforms have developed a well-deserved reputation as the premier platform on which to deploy Check Point’s leading security software,” said Tom Furlong, senior vice president of Services & Software at Nokia. “This business fits naturally with Check Point, and the combination will provide a great path forward for the thousands of customers who depend on Nokia security solutions today.”

“As a pioneer in security appliances, the Nokia security appliance business has been an important strategic partner for Check Point and has helped us achieve early leadership in the security appliance market,” said Gil Shwed, chairman and CEO at Check Point. “Adding Nokia’s security appliance portfolio into Check Point’s broad range of security solutions is the natural conclusion of our long collaboration, and will assure a smooth path forward for our mutual customers.”

The agreement is expected to close in the quarter ending in March 31, 2009. It is subject to regulatory approvals and customary closing conditions.

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