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Check Point Software Technologies (NASDAQ: CHKP) is the global leader in securing the Internet through its worldwide enterprise of firewall, personal firewall, data security and VPN markets.
Highlights:
· Check Point’s worldwide distribution includes 2,200 channel partners, over 85 telcos/ISPs and more than 350 OPSEC Partners in 88 countries.
· 100% of Fortune 100 companies use Check Point security solutions.
· In 2003, the company's primary product was FireWall-1/VPN-1, which maintained a dominant market share in the firewall industry.
· Awards include:
2005-Winner, Excellent Security Award - Safe@Office 410 - ProtectStar
2005-MIS Best Choice Award for Best Firewall - Check Point VPN-1/FireWall-1 Next Generation with Application Intelligence –
2004-Check Point placed #1 for both Worldwide VPN/Firewall software revenue market share: 88% (Infonetics, November 2004) and
2004-Placed first for Worldwide IPSec VPN/Firewall Market Share: 36% (Frost & Sullivan, April 2004).
Acquisitions:
· 2007-Checkpoint acquired Protect Data AB (PROT.ST)] & Pointsec Mobile Technologies AB of Sweden.
· 2007-Checkpoint acquired NFR Security, a threat prevention and intrusion prevention (IPS) company and created the "Network Flight Recorder" touted as a tamper-proof architecture and toolkit for building network traffic analysis and statistical event records.
Returns:
· Revenues for 2007 were $730.9 million, an increase of 27 percent compared to $575.1 million for 2006. Network security accounted for a record $648.1 million in revenues representing a 13% increase over 2006. Data security contributed $82.8 million in revenues for the year.
· 2007 Net Income: Non-GAAP: $358.7 million, an increase of 12 percent compared to $320.3 million for 2006. Non-GAAP net income excludes equity-based compensation expenses and acquisition-related charges.
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