Cybersecurity software producer Check Point Software Technologies acquired Israel-based cloud security technology developer Dome9 yesterday, enabling telecommunications and internet group SoftBank to exit.
The price was reported by Times of Israel to consist of $175m in cash plus stock and options.
Dome9 has built a software platform that enables enterprise customers to visualise and analyse security across multiple cloud computing platforms. The technology will be integrated into Check Point’s Infinity security architecture.
SoftBank led a $16.5m series C round for the company in April 2017 that took its funding to $29m since it was founded in 2011, participating alongside unnamed additional investors.
Venture capital firm Opus Capital Ventures supplied an undisclosed amount of series A funding for the company in 2011 before returning for an $8.3m series B four years later that was led by ORR Partners and backed by JAL Ventures, Pinnacle and Lazarus Israel Opportunity Fund.
Gil Shwed, chief executive of Check Point, said: “As fifth generation cyber attacks increasingly target enterprise cloud environments, so our Gen V cybersecurity solution must effectively protect this vector.
“This acquisition will enhance our ability to deliver the benefits of cloud with the critical security that must extend from the networks, endpoints and data centres to the cloud and mobile enterprise-wide.”
