Nokia signs agreement with Check Point to sell security appliance business
Nokia announced today that it has signed an agreement for Check Point Software Technologies to acquire Nokia’s security appliance business. The two businesses have collaborated for over a decade to deliver industry-leading enterprise security solutions, and this agreement is the natural culmination of that long-standing collaboration.
“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.”
Check Point and Nokia have long provided customers with a range of best-of-breed security solutions, proven in high-performance, mission critical environments. Nokia’s security appliance business provides purpose-built security platforms optimized for Check Point Firewall, virtual private network (VPN) and unified threat management (UTM) software. About 85 percent of Fortune 500 companies have bought Nokia’s security platforms. More than 220,000 Nokia appliances have been installed with over 23,000 customers worldwide.
Check Point has a broad range of security gateways, available as software as well as dedicated appliances. More than 700,000 Check Point security gateways have been licensed with over 100,000 customers worldwide. Check Point’s customer base includes 100 percent of Fortune 100 and 98 percent of Fortune 500 companies.
The agreement between Nokia and Check Point is expected to close in the quarter ending in March 31, 2009. It is subject to regulatory approvals and customary closing conditions.