Check Point to Acquire Swedish Data Security Company, Protect Data

Check Point has made a bid to acquire Protect Data, the holding company for mobile security firm PointSec Mobile Technologies, in a cash deal valued at USD 586 million (SEK 4,152 million).

"With businesses facing increasingly severe consequences from data breaches and a stricter regulatory environment, it is apparent that protection must extend beyond the infrastructure to the data itself," said Gil Shwed, chief executive officer of Check Point.

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