Check Point Software Completes
Zone Labs Acquisition
REDWOOD CITY, Calif. - March
29, 2004—Check Point Software Technologies Ltd. (NASDAQ:
CHKP), the worldwide leader in securing the Internet, announced
today that it has completed its acquisition of Zone Labs®, Inc.,
the market leader in endpoint security.
Check Point paid approximately $114 million in cash
and issued approximately 5.3 million Check Point shares, and will
also assume employee stock options of Zone Labs, which could become
exercisable for approximately 2.8 million additional Check Point
shares.
"Together, Zone Labs and Check Point deliver
the industry's first comprehensive end-to-end security solutions
by providing integrated Internal, Perimeter and Web protection,"
said Gil Shwed, chairman and CEO of Check Point Software. "Check
Point and Zone Labs technology and market leadership, channel reach
and broad security products portfolio form the basis for a powerful
offering of best-of-breed solutions for a broad range of customers,
from consumers to large enterprises."
Zone Labs' endpoint security products now protect
more than 25 million Internet users and more than 1,400 enterprise
customers from the threats posed by hackers, data theft and malicious
code. Zone Labs' award-winning product line includes Zone Labs Integrity™,
its flagship enterprise endpoint security solution, ZoneAlarm®
Pro, its acclaimed personal firewall for consumer and small business
users, and the IMsecure® product line, the company's instant
messaging (IM) security solutions for enterprises, small businesses
and consumers.
"The Zone Labs team is looking forward to the
many great things these two companies can accomplish together,"
said Gregor Freund, CEO and co-founder of Zone Labs. "We share
a common vision to meet the ever-changing security needs of consumers,
small business, medium business and enterprise customers."
Safe Harbor Statement
Certain statements in this press release are forward-looking statements.
Because such statements deal with future events, they are subject
to various risks and uncertainties and actual results could differ
materially from Check Point's current expectations. Factors that
could cause or contribute to such differences include, but are not
limited to: the impact on revenues of economic and political uncertainties
and weaknesses in various regions of the world, including the commencement
or escalation of hostilities or acts of terrorism; the inclusion
of network security functionality in third-party hardware or system
software; any unforeseen developmental or technological difficulties
with regard to Check Point's products; changes in the competitive
landscape, including new competitors or the impact of competitive
pricing and products; a shift in demand for products such as Check
Point's; unknown factors affecting third parties with which Check
Point has formed business alliances; timely availability and customer
acceptance of Check Point's new and existing products, and other
factors and risks discussed in Check Point's Report on Form 20-F
for the year ended December 31, 2002, which is on file with the
Securities and Exchange Commission. Check Point assumes no obligation
to update information concerning its expectations.
About Check Point Software Technologies
Check Point Software Technologies is the worldwide leader in securing
the Internet. It is the confirmed market leader of both the worldwide
VPN and firewall markets. Through its Next Generation product line,
the company delivers a broad range of Perimeter, Internal and Web
security solutions that protect business communications and resources
for corporate networks and applications, remote employees, branch
offices and partner extranets. Extending the power of the Check
Point solution is its Open Platform for Security (OPSEC), the industry's
framework and alliance for integration and interoperability with
"best-of-breed" solutions from over 350 leading companies.
Check Point solutions are sold, integrated and serviced by a network
of more than 2,300 Check Point Partners in 92 countries. For more
information, please call us at (800) 429-4391 or (650) 628-2000,
or visit us on the Web at http://www.checkpoint.com
or at http://www.opsec.com.
About Zone Labs LLC, A Check Point Company
Zone Labs®, www.zonelabs.com,
one of the most trusted brands in Internet security, is a leading
creator of endpoint security solutions protecting millions of PCs
and the valuable, personally-identifiable information on those PCs,
from hackers, spyware and data theft. The company's award-winning
endpoint security product line is deployed in global enterprises,
small businesses and consumers' homes, protecting them from Internet-borne
threats. Zone Labs Integrity™ is an endpoint security management
platform that protects corporate data and productivity. ZoneAlarm®
Pro, ZoneAlarm Plus and ZoneAlarm are among the most popular and
successful Internet security products available today while IMsecure®
Pro offers comprehensive security for instant messaging.
©2004 Check Point Software Technologies Ltd.
All rights reserved. Check Point, Check Point
Express, the Check Point logo, ClusterXL, ConnectControl, FireWall-1,
FireWall-1 GX, FireWall-1 SecureServer, FireWall-1 XL, FloodGate-1,
INSPECT, INSPECT XL, InterSpect, IQ Engine, Open Security Extension,
OPSEC, Provider-1, Safe@Office, SecureKnowledge, SecurePlatform,
SecureXL, SiteManager-1, SmartCenter, SmartCenter Pro, SmartDashboard,
SmartDefense, SmartLSM, SmartMap, SmartUpdate, SmartView, SmartView
Monitor, SmartView Reporter, SmartView Status, SmartViewTracker,
UAM, User-to-Address Mapping, UserAuthority, VPN-1, VPN-1 Accelerator
Card, VPN-1 Edge, VPN-1 Pro, VPN-1 SecureClient, VPN-1 SecuRemote,
VPN-1 SecureServer, and VPN-1 VSX are trademarks or registered trademarks
of Check Point Software Technologies Ltd. or its affiliates. All
other product names mentioned herein are trademarks or registered
trademarks of their respective owners. The products described in
this document are protected by U.S. Patent No. 5,606,668 and 5,835,726
and may be protected by other U.S. Patents, foreign patents, or
pending applications.
IMsecure, TrueVector, ZoneAlarm and Zone Labs are registered trademarks
of Zone Labs LLC, A Check Point Company The Zone Labs logo, Zone Labs Integrity and Cooperative
Enforcement are trademarks of Zone Labs LLC, A Check Point Company Zone Labs Integrity
protected under U.S. Patent No. 5,987,611. Reg. U.S. Pat. &
TM Off. All other trademarks are the property of their respective
owners. v.07.18.03.
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