Lacoon Mobile Security Has Been Acquired by Check Point Software Technologies

Lacoon Mobile Security Profile

  • Lacoon Mobile Security was a leading provider of a mobile threat management platform that allowed enterprises to easily manage and mitigate the risks of BYOD and protect their corporate assets from mobile cyber threats
  • Lacoon offered a comprehensive solution for iOS and Android, along with real-time mobile security and intelligence to an organization’s existing security and mobility infrastructures
  • Its patented technology detected device, application and in-network threats that other solutions missed, and quantified the risks and vulnerabilities BYOD exposes to the enterprise
  • Lacoon was founded in 2011, and had offices in Tel Aviv and San Francisco

Check Point Software Profile

  • Check Point Software Technologies (NASDAQ: CHKP) is a leading provider of enterprise security solutions that protects more than 100,000 businesses and millions of users worldwide
  • Check Point’s security products include advanced threat prevention, mobile endpoint protection, network and cloud security, firewalls and security management systems for individuals, SMBs and large enterprise data centers
  • Check Point is headquartered in Tel Aviv, has offices across the Americas, EMEA and Pacific Rim and as of the date of the Lacoon acquisition, employed more than 2,900 people

Transaction Notes

  • Check Point’s acquisition of Lacoon was announced on April 2, 2015; financial terms were not disclosed
  • “Mobility has become the norm in business operations now more than ever before, because it enables employee productivity with anytime, anywhere access.  However, companies are not necessarily protecting the data on mobile devices properly. Traditional MDM strategies acknowledge the existence of mobile devices, but miss an important factor: protecting those devices, and the data on them, from threats. The addition of Lacoon, the leader in Mobile Threat Prevention, would allow us to provide our customers the most complete mobile security solution on the market.” –Gil Shwed (CEO & Chairman, Check Point Software Technologies)
  • Shea & Company acted as the exclusive advisor to Lacoon and its Board of Directors
 
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Shea & Company served as the exclusive financial advisor to Lacoon's Board of Directors and management