Check Point Software has agreed to take over Nokia's security appliance business. Terms of the deal were not disclosed at this time.
Over the past decade, the two companies have worked together to develop enterprise security solutions, and moving forward, Check Point will provide an "extended" security appliance portfolio it has developed and manufactured in-house.
Nokia's security appliance business provided "purpose built" platforms optimized for Check Point's firewall, VPN and unified threat management software. About 85 percent of Fortune 500 companies have bought Nokia's security platforms, so Check Point will pick up a Nokia-branded base of 23,000 direct customer relationships and more than 220,000 Nokia appliances.
Check Point cites numbers of more than 700,000 Check Point security gateways and more than 100,000 customers worldwide. We're not sure how much double-counting is involved in the numbers, but Check Point counts 100 percent of the Fortune 100 and 98 percent of the Fortune 500 as its customers.
Needless to say, this is a good move for both companies. It allows Nokia to simplify its product offerings and focus on consumers while Check Point gets to manage and make more money from direct customer relationships.
- Check Point announces the purchase. Release.
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