Check Point teams with Wiz to challenge Palo Alto

Veteran Israeli Cybersecurity Company Check out Point Software Technologies Ltd. (Nasdaq: chkp) Announced a strategic partnership with Israel Cloud Security Company With Provides end-to-end cloud security. The leading cybersecurity company in the field of cloud security is Palo Alto Networks (NASDAQ: PANW), founded by NIR Zuk and managed by CEO Nikesh Arora. In a recent conference call, Arora said Palo Alto’s revenues exceeded $700 million in the fourth quarter of 2024.

The checkpoint is managed by CEO Nadav Zafrir, who replaced Gilshwed in December. According to the company’s announcement, Wiz, led by co-founder and CEO Assaf Rappaport, offers the industry’s most comprehensive cloud security solution. Checkpoint and WIZ Plans plan to provide an end-to-end solution to the security challenges in distributed network environments. ).

Check Point and Wiz implement Tech-Product integration. This allows Check Point’s cloud protection mechanism to connect to Wiz’s cloud risk and vulnerability detection platform, allowing real-time cloud attack prevention. According to the company, the combination of technology allows data security experts to identify assets and applications that are not properly protected in the cloud, prioritize necessary fixes, and ensure attacks are blocked .

Collaboration includes mutual integration and support in the CNAPP customer migration to Wiz from Check Point. According to the report, checkpoints are expected to free up resources and increase investment in cloud security, including cloud network protection, web application firewalls, and Genai.

“We are transforming the way organizations manage cloud risks.”

The companies say the strategic partnership has expressed their commitment to creating innovative security solutions and to provide a re-precise security response for businesses and organizations.

“This inter-party partnership has been formalized to create a new security paradigm. Combining Checkpoint’s cloud network security expertise with WIZ’s CNAPP leadership, it encompasses the entire hybrid mesh environment,” Zafrir said. It provides protection for teams to work together with greater efficiency and control.”

Rappaport said, “Together Wiz’s leading CNAPP technology and Check Point’s cloud network security expertise will improve visibility and prioritize risk more effectively. Our partnerships allow companies to integrate The company aims to seamlessly protect networks and cloud environments with industry-leading solutions. While continuing to democratize cloud security.”

Wiz also has a partnership agreement with CyberArk (NASDAQ: CYBR), an Israeli cybersecurity company specializing in enterprise identity management. Last November, the two companies announced a collaboration that includes integration between Cyberark’s identity platform and Wiz’s Cloud Security Platform. Another collaboration that Wiz had ended about 18 months ago. The collaboration with Israeli cybersecurity company Sentinelone (NYSE:S), managed by founder Tomer Weingarten, was cancelled after the two companies revealed that they were discussing a merger.

Checkpoint is currently trading at a market capitalization of $23.76 billion on NASDAQ. Wiz is a private company that raised funds last year at a $12 billion valuation of the company, and reportedly turned down a $23 billion purchase bid from Google in July. Palo Alto Networks trades on Nasdaq at a market capitalization of $129 billion.

Published by Globes, Israel Business News -en.globes.co.il- February 11, 2025.

©Copyright of Globals Publisher Itonut (1983) Ltd., 2025.