Check point will take care nokia security aplliances
Nokia has joined hands in its security appliance business. The division will be handled by partner Check Point from year 2009.
Check Point stated that the acquisition of the California-based group will add US$100 million (approx £67 million) to the company’s revenues for 2009 and will be conducted for cash.
The sell-off is not a surprise, even if Check Point’s interest hardened late in the day. Nokia’s line of remote access and firewall security hardware was built around the Israeli company’s software at its core and is considered to have a good reputation. The deal gives Check Point much needed market share.
“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 Nokia’s Tom Furlong.