Check Point to acquire Nokia's Security Appliance Business

Redwood City, CA — December 22, 2008

Check Point® Software Technologies Ltd. (Nasdaq: CHKP), the worldwide leader in securing the Internet, today announced that it has signed an agreement to acquire Nokia's security appliance business. The two businesses have collaborated over the past decade to deliver industry-leading enterprise security solutions. Building on this collaboration, Check Point will provide an extended security appliance portfolio developed, manufactured and supported by Check Point.

"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 Check Point's UTM-1 and Power-1 dedicated appliances. More than 700,000 Check Point security gateways have been licensed with over 100,000 customers worldwide. The Check Point customer base includes 100 percent of Fortune 100 and 98 percent of Fortune 500 companies.

The agreement between Check Point and Nokia is expected to close in the first quarter of 2009 subject to regulatory approvals and customary closing conditions. Further details of the transaction are not being disclosed at this time.

"Check Point is looking forward to expanding its security portfolio and to continuing to provide customers and partners with the industry's most comprehensive line of security appliances," concluded Gil Shwed.

Read the full release at the Check Point site.
Read the FAQ at the Check Point site.