Check Point Software Technologies Ltd. announced the acquisition of Avanan for a unified cloud email security solution. Avanan technology provides the highest level of security for emails and SaaS collaboration suites. This will be the first unified solution in the market to protect remote workers from harmful files, URLs, and Phishing across email, collaboration suites, web, and network environments, using patented technology created and built for cloud email environments and endpoint.
Email technology has progressed and moved from on-premise to cloud-based solutions. The cloud email danger landscape has never been larger, with successful spear phishing accounting for 95 percent of cyber-attacks targeting enterprise networks. In 2020, the number of phishing assaults will have doubled, with every Microsoft Office 365 user in the world having been targeted at least once.
The COVID-19 epidemic and the shift to remote work are fueling the growth of cloud office systems and other collaboration suites outside of email (e.g., Teams, Slack, OneDrive), increasing users’ exposure to cyber-attacks. Because traditional on-premises email security solutions have failed to adapt to the cloud, this expanding threat landscape necessitates a new approach to email protection. Legacy email systems (SEG) obstruct native security measures, are blind to cloud threats, and are incapable of safeguarding collaborative suites.
Avanan is the world’s fastest-growing cloud-email security vendor, having been formed in 2015. Using AI-based engines, the company created a proprietary application programming interface (API) solution to eliminate email threats before they reach the inbox (inline) for both internal and external emails. It protects over 5000 customers and 2.5 million inboxes with over 100 workers. The solution deploys in minutes like an app and is configured in a few clicks.
“More and more businesses are moving to cloud-email platforms and with email becoming a major channel to launch devastating cyber-attacks, this acquisition represents a huge potential as organizations are looking for a new approach to email and collaboration suite security,” said Dr. DoritDor, Check Point’s, Chief Product Officer.
Also added, “By integrating Avanan into Check Point Infinity, organizations will be able to modernize legacy solutions with email security-as-a-service and protect cloud email and collaboration suites from the most sophisticated attacks. We’ve been using the Avanan technology as an OEM for the last 3 years and I am confident that with this new addition, customers will enjoy the best email security with the best cyber security capabilities.”
“Avanan’s journey to reinvent email security is starting a whole new chapter. By merging with Check Point Software, we are combining Avanan’s best in class A.I. that catches the sophisticated email-borne attacks everyone else misses, with Check Point Software’s unparalleled security capabilities and threat intelligence,” says Gil Friedrich, CEO, and co-founder of Avanan.
Also said, “With Check Point Software’s global organization, we plan to bring our joint solution to all organizations, of all sizes and geographies, to anyone that needs better security for their email and collaboration suite”.
The acquisition of Avanan by Check Point Software has reached a definite agreement, and the deal is likely to close soon.
Check Point Infinity is the first integrated security architecture in the industry, providing the highest level of threat prevention against known and unknown cyber threats. The integration of Avanan technology into the Check Point Infinity architecture is expected to provide the highest level of security to remote workforces around the world, as it will be the only unified solution that will protect against malicious files, URLs, and phishing across email, collaboration apps, web, network, and endpoints. The unified solution will allow organizations to:
