Check Point heats up acquisition trail

Security giant's latest buy gets thumbs up from the channel

Security giant Check Point has acquired intrusion prevention firm Sourcefire for approximately $225m.

The transaction, which has been agreed by the Boards of both companies and the shareholders, includes cash and assumption of the Sourcefire stock option plan, but is subject to closing conditions including anti-trust issues. It is expected to close by the first quarter 2006 after receiving regulatory approvals.

Gil Shwed, chief executive of Check Point, said: “We believe Sourcefire has world-class solutions for internal security through its Intrusion Sensor, Real-Time Network Awareness (RNA) and Defense Center product lines. These align perfectly with Check Point’s vision for internal security and are ideal complements to our InterSpect and Integrity solutions.

"Both companies share a deep commitment to customers, and this acquisition will enable us to deliver the industry's most comprehensive end-to-end internet security to all types of customers -- from consumers to the largest enterprises, " he said.

Ian Kilpatrick, chief executive of distributor Wick Hill Group said the acquisition was good news for the channel.

“I think it’s a good move for Check Point and it bolsters their offering around intrusion prevention and intrusion management and it allows Check Point’s and our resellers to get into that space, which is going to be very hot over the coming months.

“Sourcefire is well thought of in the industry and has a good reputation, so I would say this is an exciting move for them.”