Summary:
Check Point acquires Veriti for over $100 million, marking its 23rd acquisition and 11th in Israel since 2018
Veriti's Pre-emptive Exposure Management (PEM) technology enables real-time risk mitigation across siloed tools
The acquisition enhances Check Point's Infinity Platform with automated threat mapping and vulnerability remediation
Veriti had raised $28 million from investors including Insight Partners and NFX
The deal supports Check Point's vision of hybrid mesh security and prevention-first approach in cybersecurity
Check Point Software Technologies has made a strategic move by acquiring Israeli cybersecurity startup Veriti in a deal valued at over $100 million in cash and stock. This acquisition is Check Point's 23rd overall and its 11th in Israel since 2018, showcasing its commitment to bolstering its cybersecurity offerings.
The Veriti Advantage
Founded in 2021 by Adi Iken (CEO) and Oren Koren (CPO), both former Check Point employees, Veriti has developed a groundbreaking platform that integrates seamlessly with corporate cybersecurity infrastructures. Its Pre-emptive Exposure Management (PEM) technology actively identifies and mitigates risks across various tools, ensuring real-time protection. On average, Veriti's system enables customers to perform 500 fixes per month, highlighting its efficiency and reliability.
Veriti founders Adi Iken and Oren Koren (Photo: Yarden Rokach)
Strategic Integration
The acquisition is set to enhance Check Point's Infinity Platform by introducing automated threat mapping and vulnerability remediation across third-party systems. This move aligns with Check Point's vision of a hybrid mesh security approach, offering a more comprehensive and integrated security solution.
Investor Confidence
Veriti had previously raised $28 million from notable investors including Insight Partners, NFX, Forestay, AMITI, and Merlin Ventures. Shay Michel, managing partner at Merlin Ventures, expressed pride in supporting Veriti from its inception, marking this acquisition as a significant milestone.
Leadership Perspectives
Nadav Zafrir, CEO at Check Point, emphasized the acquisition's role in advancing preemptive, prevention-first security, crucial in today's AI-driven threat landscape. Meanwhile, Adi Ikan, CEO and co-founder of Veriti, highlighted the company's mission to help organizations remediate risks safely and at scale, a goal now accelerated through Check Point's resources.
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