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Check Point buys mobile security co Lacoon

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Monday, April 13th, 2015

Check Pointis paying nearly $100 milion. CEO Gil Shwed: Mobile threats will be one of the two most significant sectors for us.

As reported in Globes: Check Point Software Technologies Ltd. has made its second acquisition in under two months. The Israeli network security company recently announced the acquisition of local start-up Lacoon for a sum in the tens of millions of dollars, close to $100 million.

According to research company IVC, Lacoon ,whose field is threat prevention on mobile, has raised $10.7 million, its last round having taken place at a valuation of $30 million. One of the investors in Lacoon is Shlomo Kramer, who was among the founders of Check Point. Check Point’s previous acquisition, Hyperwise, was also connected to Kramer.

Lacoon was founded in 2012 by Ohad Bobrov, CTO, and Michael Shaulov, CEO. The company employs 40 people.

“Threats to the mobile environment are going to be one of the two most significant sectors for us this year,” Check Point CEO Gil Shwed said today at a press conference in Tel Aviv. “The risk is real,” he continued, “We did a survey of enterprises to see to what extent the risk existed, and we reached hundreds of enterprises, half of which we found had suffered an attack on a device belonging to someone in the enterprise. Focused attacks, espionage, attempts to obtain users’ files and e-mails – everything a person does is becoming exposed simply, without detection.

“In 2014, we announced Capsule – a solution for mobility – a safe work environment that makes it possible to read e-mails safely, encode documents, and provide cloud computing service that filters the traffic reaching our device. Today, we’re presenting a solution from Lacoon Mobile Security to thwart threats that adds another layer for preventing the different kinds of attack. After a long search, we found that the company had the perfect advanced solution – a very special solution,” Shwed explained, further noting, “Lacoon has an impressive list of customers – leading companies like Samsung, Intel, and Dell Computers.”