. check point software technologies ltd. one step ahead check point headquarters tel aviv israel type public nasdaq 100 component traded as nasdaq chkp industry security software computer hardware founded ramat gan israel 1993 ; 23 years ago 1993 founders gil shwed marius nacht shlomo kramer headquarters tel aviv israel and san carlos california key people gil shwed founder & ceo products firewall 1 vpn 1 utm 1 check point integrity intrusion prevention systems endpoint security security appliances web application security revenue us 1 629.84 million 2015 net income us 685.87 million 2015 number of employees 3 400 2016 1 subsidiaries zonealarm sofaware easy2comply website www.checkpoint.com check point software technologies ltd. is an international provider of software and combined hardware and software products for it security including network security endpoint security data security and security management . as of 2016 update the company has approximately 3 400 employees worldwide . 2 headquartered in tel aviv israel the company has development centers in israel california zonealarm sweden former protect data development centre and belarus . the company has main offices in the united states in san carlos california in dallas texas in ottawa ontario canada and sydney australia . check point competes in the antivirus industry against avg avira eset f secure kaspersky mcafee panda security sophos and symantec among others . contents 1 history 2 products 3 acquisitions 4 sofaware legal battle 5 see also 6 references 7 external links history edit check point was established in ramat gan israel in 1993 by gil shwed ceo as of 2016 update marius nacht chairman as of 2016 update and shlomo kramer who left check point in 2003 . 3 shwed had the initial idea for the company s core technology known as stateful inspection which became the foundation for the company s first product firewall 1 ; soon afterwards they also developed one of the world s first vpn products vpn 1 . 4 shwed developed the idea while serving in the unit 8200 of the israel defense forces where he worked on securing classified networks . 5 6 initial funding of us 400 000 was provided by venture capital fund brm group . 7 in 1994 check point signed an oem agreement with sun microsystems 4 followed by a distribution agreement with hp in 1995 . 8 the same year the u.s. head office was established in redwood city california . by february 1996 the company was named worldwide firewall market leader by idc with a market share of 40 percent . 9 in june 1996 check point raised 67 million from its initial public offering on nasdaq . 10 in 1998 check point established a partnership with nokia which bundled check point s software with nokia s computer network security appliances . 11 in 2003 a class action lawsuit was filed against check point over violation of the securities exchange act by failing to disclose major financial information . 12 during the first decade of the 21st century check point started acquiring other it security companies including nokia s network security business unit in 2009 . 13 over the years many employees who worked at check point have left to start their own software companies . these include shlomo kremer who started imperva nir zuk who founded palo alto networks ruvi kitov and reuven harrison of tufin and yonadav leitersdorf . products edit check point offers the following primary products network security software defined protection public and private cloud security data security threatcloud threatcloud intellistore virtual systems endpoint security mobile security security management acquisitions edit checkpoint offices tel aviv zone labs makers of the zonealarm personal firewall software in 2003 for 205 million in cash and shares . 14 protect data the holding company for pointsec mobile technologies in a cash deal valued at 586m in late 2006 . 15 prior to their acquisition by check point protect data acquired reflex software . 16 nfr security an intrusion prevention system developer for 20 million in late 2006 following its failed plan to acquire the larger ips vendor sourcefire . 17 nokia security appliances division was acquired in april 2009 . 13 liquid machines a data security startup company based in boston was acquired in june 2010 . 18 dynasec a provider of enterprise governance risk management and compliance products was acquired in november 2011 . dynasec offers a web based enterprise application branded as easy2comply for sarbanes oxley compliance basel ii compliance operational risk management information security management hipaa compliance and internal audit management . 19 hyperwise an early stage startup focused on cpu level threat prevention was acquired feb 2015 . 20 lacoon mobile security was acquired in april 2015 . 21 in 2005 check point tried to acquire intrusion prevention system developers sourcefire for 225 million 22 but later withdrew its offer after it became clear us authorities c.f.i.u.s would try to block the acquisition . 23 sofaware legal battle edit sofaware technologies was founded in 1999 as a cooperation between check point and sofaware s founders adi ruppin and etay bogner with the purpose of extending check point from the enterprise market to the small business consumer and branch office market . sofaware s co founder adi ruppin said that his company wanted to make the technology simple to use and affordable and to lift the burden of security management from end users while adding some features . 24 in 2001 sofaware began selling firewall appliances under the sofaware s box brand ; 25 in 2002 the company started selling the safe office and safe home line of security appliances under the check point brand . 24 by the fourth quarter of 2002 sales of sofaware s safe office firewall vpn appliances had increased greatly and sofaware held the 1 revenue position in the worldwide firewall vpn sub 490 appliance market with a 38 % revenue market share . 26 relations between check point and the sofaware founders went sour after the company acquisition in 2002 . in 2004 etay bogner co founder of sofaware sought court approval to file a shareholder derivative suit claiming check point was not transferring funds to sofaware as required for its use of sofaware s products and technology . his derivative suit was ultimately successful and check point was ordered to pay sofaware 13 million shekels for breach of contract . in 2006 the tel aviv district court judge ruled that bogner sofaware could sue check point by proxy for 5.1 million in alleged damage to sofaware . 27 bogner claimed that check point which owned 60 % of sofaware had behaved belligerently and withheld monies due for use of sofaware technology and products 27 check point appealed the ruling but lost . 28 in 2009 the israeli supreme court ruled that a group of founders of sofaware which includes bogner had veto power over any decision of sofaware . the court ruled that the three founders could exercise their veto power only as a group and by majority rule . in 2011 check point settled all litigation relating to sofaware . as part of the settlement it acquired the sofaware shares held by bogner and ruppin and began a process of acquiring the remaining shares resulting in sofaware becoming a wholly owned subsidiary . 29 see also edit companies portal zonealarm economy of israel vpn 1 check point go silicon wadi references edit check point software facts a glance . retrieved 2014 06 24 . check point facts at a glance https www.checkpoint.com about us facts a glance bloomberg profile checkpoint software technologies ltd. bloomberg a b mayor tracy cio 20 20 honorees innovator s profile gil schwed of check point software technologies ltd cio magazine october 1 2002 savage marcia . gil shwed chairman & ceo check point software tech . crn nov. 07 2001 . oct 1 2002 wallace david movers & shakers eli barkat making push more polite and ready for prime time business week december 1 1999 retrieved 2009 11 09 company press release checkpoint software and hp sign distribution agreement ; market leading firewall 1 solution now available through hp and its reseller channel . business wire september 25 1995 press release checkpoint software named firewall market share leader by idc ; worldwide market share of 40 percent represents significant lead in providing enterprise network security solutions . business wire february 5 1996 archived from the original on october 11 2012 breznitz dan industrial r & d as a national policy horizontal technology policies and industry state co evolution in the growth of the israeli software industry research policy 36 9 research policy doi 10.1016 j.respol .2007.06.006 check point software & nokia expand partnership business wire 36 1465 1482 doi 10.1016 j.respol .2007.06.006 notice of filing of class action lawsuit against check point software technologies ltd. gil shwed jerry ungerman eyal desheh irwin federman and alex vieux chkp . october 13 2003 . retrieved jul 25 2013 . a b check point completes acquisition of nokia security appliance business . 2009 04 13 . retrieved 2009 04 13 . check point software technologies to acquire zone labs . 2003 12 15 . retrieved 2008 10 12 . check point announces a cash tender offer to acquire protect data . 2006 11 20 . retrieved 2008 10 12 . protect data acquires reflex software limited to extend product portfolio . 2006 11 02 . retrieved 2008 10 12 . check point to acquire nfr security ; expands intrusion prevention capabilities to fortify enterprise networks . 2006 12 19 . retrieved 2008 10 12 . check point acquires data security startup liquid machines check point acquires israel s dynasec to boost grc offerings . infosecurity . 1 november 2011 . check point acquires hyperwise to deliver industry s first cpu level threat prevention capabilities check point to acquire lacoon mobile security for industry s most advanced mobile threat prevention check point and sourcefire to explore alternative business relationship . 2006 03 23 . retrieved 2008 10 12 . check point calls off sourcefire buy . 2006 03 24 . retrieved 2008 10 13 . a b interview with adi ruppin founder and managing director of sofaware by berislav kucan tuesday 21 january 2003 . check point bolsters new firewall appliance . network world dec 17 2001 . p. 15 18 check point software stakes claim in small business internet security space company duplicates market leading enterprise success in sub 490 appliance segment 1 a b arbel oded april 25 2006 . sofaware founder cleared to sue check point for 5.1 million . ha aretz . retrieved 14 june 2010 . israeli supreme court 2850 08 check point software technologies ltd check point 20 f sec filing . 2011 external links edit corporate website check point on google finance v t e companies of the nasdaq 100 index 21st century fox activision blizzard adobe systems akamai technologies alexion pharmaceuticals alphabet amazon.com american airlines group amgen analog devices apple applied materials autodesk automatic data processing baidu bed bath & beyond biogen biomarin pharmaceutical broadcom limited ca technologies celgene cerner charter communications check point cisco systems citrix systems cognizant comcast costco csx ctrip.com international discovery communications dish network dollar tree ebay electronic arts endo international expedia express scripts facebook fastenal fiserv gilead sciences henry schein illumina incyte intel intuit intuitive surgical jd.com kraft heinz lam research liberty braves liberty global liberty interactive liberty media linear technology marriott international mattel maxim integrated products micron technology microsoft mondelez international monster beverage mylan netapp netflix norwegian cruise line holdings nvidia nxp semiconductors o reilly automotive paccar paychex paypal qualcomm regeneron ross stores sandisk sba communications seagate technology sirius xm holdings skyworks solutions starbucks stericycle symantec t mobile us tesla motors texas instruments the priceline group tractor supply company tripadvisor ulta salon cosmetics & fragrance verisk analytics vertex pharmaceuticals viacom vodafone walgreens boots alliance western digital whole foods market xilinx yahoo v t e antivirus software companies major agnitum avast software avg avira