http://www.techworld.com/security/news/index.cfm?newsID=108765 By John E. Dunn Techworld 23 December 2008 Nokia has finally found a buyer for its profitable security appliance business. From the first quarter of 2009, the division will belong to partner Check Point, the companies have announced. The size of the deal has not been revealed, but Check Point indicated that the acquisition of the California-based group will add $100 million (approx £67 million) to the company's revenues for 2009 and will be conducted for cash. The sell-off is not a surprise, even if Check Point's interest hardened late in the day. Nokia's line of remote access and firewall security hardware was built around the Israeli company's software at its core and is considered to have a good reputation. The deal gives Check Point much needed market share. "For over 10 years, the security appliance business within Nokia has held a leading position in the security appliance market. Our IP security platforms have developed a well-deserved reputation as the premier platform on which to deploy Check Point's leading security software," said Nokia's Tom Furlong. [...] _______________________________________________ Help InfoSecNews.org with a donation! http://www.infosecnews.org/donate.htmlReceived on Wed Dec 24 2008 - 03:13:08 PST
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