Check Point Acquires Startup Veriti to Enhance Threat Management Solutions

Check Point Software has announced plans to acquire Veriti, a threat exposure startup founded by a former employee, to enhance its security offerings by addressing the challenges posed by siloed security tools and facilitating automated communication and remediation across platforms. This strategic acquisition is anticipated to streamline the dissemination of threat data, enhancing security without compromising business operations, as outlined by Yochai Corem, Check Point’s Vice President of Threat Exposure and Risk Management.

The acquisition aligns with Check Point’s commitment to resolve interoperability issues among different security solutions, which have often hindered effective defense strategies. Corem emphasized that the decision to pursue Veriti was spurred by feedback from clients who found its offerings indispensable. “As we engaged with companies using Veriti, it became clear that our priority was to integrate this vital solution into our ecosystem,” he stated.

Founded in 2021, Veriti gained visibility in November 2022 with $18.5 million in funding and currently has a team of 40 employees led by Adi Ikan, who previously served at Check Point. Financial specifics of the acquisition have not been disclosed, though sources suggest Check Point may have invested over $100 million for Veriti.

Veriti distinguishes itself within the competitive landscape by addressing the inefficiencies stemming from fragmented security tools that often fail to communicate. This acquisition is crucial for Check Point’s “open garden” strategy, which promotes seamless data flow between multiple security vendors, ensuring comprehensive security coverage that is natively integrated into Check Point’s Quantum platform.

Corem noted, “Veriti’s approach addresses a significant gap in the market, solving critical issues in a unique manner that others have not.” The ability to rectify configuration misalignments across platforms allows organizations to bolster their defense mechanisms effectively.

In leveraging Veriti’s capabilities, Check Point aims to optimize risk assessment and remediation processes, using real-time data from a variety of security layers. This function is essential to operationalizing threat intelligence, enabling quicker responses to complex attacks while simultaneously mitigating the risk of service disruption, a common concern among organizations hesitant to block active traffic.

Upon completion of the acquisition, Veriti’s solutions will be embedded within Check Point’s hybrid security framework, streamlining the user experience by removing the need for manual deployments. Corem indicated that integration will be fully realized by the early fall, facilitating smooth adoption across various enterprise systems.

Targeting hundreds of high-value clients initially, Check Point plans to broaden Veriti’s reach to thousands of medium and large enterprises within the next year. Corem expressed optimism about the rapid scaling of Veriti’s technology to existing customer bases, aligning with Check Point’s goal to eliminate barriers to effective cybersecurity.

Cindi Carter, CISO for the Americas, highlighted Veriti’s role in empowering security teams by prioritizing genuine threats and providing actionable insights. She remarked that this integration would not merely add another tool to the existing suite, but rather enhance the efficacy of current systems in identifying and addressing cybersecurity issues.

In summary, the intended acquisition of Veriti by Check Point Software is poised to bolster threat management capabilities, facilitating automation and interoperability in security environments. This strategically timed investment reflects an ongoing commitment to enhancing global cybersecurity practices, making it essential for business leaders to stay informed about such developments in the ever-evolving threat landscape.