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Check Point acquires Israel's Dynasec to boost GRC offerings

01 November 2011

Check Point has announced it is in the process of acquiring Dynasec, a privately held Israeli compliance solutions firm that was founded back in 2004. Sources suggest the purchase price is in the region of $10 to $20 million, although no figures have been confirmed by either party.

Infosecurity notes that Dynasec now has customers in more than 20 different countries and in the financial services, telecoms, government, energy and healthcare sectors.

According to Israeli newswire reports, chief among these customers is RaboBank – one of the largest banks in the Netherlands – along with the Dutch national lottery, and insurance companies in the UK and France.

One of the key investors in Dynasec is David Assia, the co-founder of Magic Software. Infosecurity understands that Dynasec has raised around £3.5 million in funding and has 26 members of staff, who will transfer to Check Point.

According to Check Point, the acquisition will allow it to boost its GRC (governance, risk and compliance) business, known as Check Point 3D Security.

In an official statement, Check Point said that organizations today face a growing number of industry standards and government regulations that require CIOs and security officers to implement a consistent security framework that adheres to GRC requirements without disrupting the flow of business – a nearly impossible task when done manually.

“The acquisition of Dynasec will help organizations accelerate the path to 3D Security by enabling customers to easily translate compliance requirements into IT security policies that map to their overall business objectives”, says the press statement.

“Check Point's offering will include security, business and consulting services together with Dynasec's easy2comply leading GRC software solution that provides a rich set of GRC frameworks with built-in best practices that are customizable for hundreds of compliance standards. The Check Point solution will offer a simple way for businesses to automate the manual task of handling a growing number of regulations and compliance standards”, the statement added.

Amnon Bar-Lev, the IT security vendor's president, said that by providing an easy way to define, manage and translate security policies into IT security controls, Check Point is further enhancing the implementation of 3D Security for its customers.

"This acquisition makes it very simple for customers to establish corporate policies that adhere to a wide range of global compliance regulations, and reinforces the importance of turning security into a business process", he said.

"With this new offering, we are extending our 3D Security strategy and bringing customers the tools that enable them to easily and quickly implement corporate and security policies with full control and enforcement."

This article is featured in:
Compliance and Policy  •  Industry News

 

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