Cybersecurity pioneer, Check Point Software (California, US) recently acquired the Israel-based, web application security startup, ForceNock Security Ltd. There is growing usage of platforms built on cloud, network, mobile, endpoint, and IoT and they require compatible and easily accessible solutions that can run on any platform. This acquisition would enable Check Point to provide high-end security to its customers and strengthen its machine learning protection capabilities.
ForceNock, a startup focusing on latest technologies, such as machine learning, and behavioral and reputation-based security engines which significantly reduces the complexities involved in managing endless configurations and further replaces traditional technologies. The deal announcement indicates that Check Point wants to reinvent itself through acquisitions and focus on revenue growth. It might be a game changer, as the combined entity will have more compelling alternatives for users. Through the ForceNock acquisition, Check Point aims to further solidify its position in the lucrative cybersecurity market.
According to MarketsandMarkets™, the cognitive security market would be worth USD 17.09 billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 36.4% during the forecast period of 2018–2023, owing to the increasing number of security breaches and cyber-attacks, growing adoption of IoT, rising trend of BYOD across verticals, assistance required by security analysts to take proactive security measures, strict directives for data privacy, and the growing threat landscape due to third-party application deployment.
“Threat intelligence has become one of the fastest-growing applications of cognitive security, as it enables the security analysts within an organization to remain updated on the huge volume of information present online related to security threats, including bad actors, methods, vulnerabilities, and targets,” says Balaji Sreedhar – AVP, ICT Practice – Consulting & Strategy at MarketsandMarkets™.
The global cybersecurity marketspace has witnessed disruptions through a flurry of strategic deals among its major players. This acquisition would certainly help in making web applications more secure, ensuring that their customers are protected from online potential threats. The combination of Check Point and ForceNock makes a strong case for organizations to choose it as their preferred technology partner. The joint capability is expected to provide customers a unified and automatic security for their applications.