Followers | 144 |
Posts | 27631 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Friday, March 24, 2006 2:49:58 AM
The move follows an extended investigation by CFIUS into whether the proposed acquisition posed risks to US security.
Globes correspondent 24 Mar 06 07:17
Check Point Software Technologies (Nasdaq: CHKP) and US company Sourcefire have withdrawn their application to the Committee on Foreign Investment in the US (CFIUS) to allow Check Point to buy Sourcefire. Israeli network security company Check Point was to have bought Sourcefire of the US for $225 million.
The acquisition was announced in October last year. In March this year, the CFIUS, which examines whether investments by foreign companies are liable to harm US security, announced that it was opening a 45-day inquiry into the deal, longer than the usual 30-day check. Sourcefire's Snort product is in use by the US government.
The companies said they had determined that it would be more effective to create a customer focused business partnership. "We've decided to pursue alternative ways for Check Point and Sourcefire to partner in order to bring to market the most comprehensive security solutions," said Check Point's CEO Gil Shwed.
The statement issued by the companies said, "Check Point and Sourcefire will continue to create and distribute the best security solutions in their respective spaces. They will work together on formulating a partnership strategy moving forward and will keep customers and partners updated as new plans are developed."
Published by Globes [online], Israel business news - www.globes.co.il - on March 24, 2006
Dubi
Recent CHKP News
- Check Point Software is Named a Leader in Mobile Threat Defense Solutions Report by Independent Research Firm • GlobeNewswire Inc. • 07/16/2024 02:05:00 PM
- Check Point Software Releases its 2023 Environment, Social, and Governance (ESG) Report • GlobeNewswire Inc. • 07/15/2024 01:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/11/2024 01:00:06 PM
- Check Point Software Technologies Announces $2.0 Billion Expansion of Share Repurchase Authorization • GlobeNewswire Inc. • 07/11/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/11/2024 10:50:49 AM
- Check Point Software to Announce 2024 Second Quarter Financial Results on July 24, 2024 • GlobeNewswire Inc. • 07/01/2024 01:00:00 PM
- Check Point Software Simplifies Cloud Application Security with AI-Powered WAFaaS • GlobeNewswire Inc. • 06/11/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/07/2024 10:10:29 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/03/2024 10:16:54 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/28/2024 08:46:10 PM
- Check Point Software Advances API Security Supporting Enterprise Digital Transformation • GlobeNewswire Inc. • 05/22/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/09/2024 07:58:28 PM
- Rising Cloud Threats Demand Advanced Defenses: Check Point's 2024 Report Highlights Urgent Need for AI and Prevention First Security Measures • GlobeNewswire Inc. • 05/06/2024 01:00:00 PM
- Check Point Software Reports 2024 First Quarter Financial Results • GlobeNewswire Inc. • 04/25/2024 09:00:26 AM
- Check Point Software Technologies Transforms Email Security Again: Patented Unified Administration Boosts Efficacy and Improves Productivity • GlobeNewswire Inc. • 04/11/2024 01:00:00 PM
- Check Point Software to Announce 2024 First Quarter Financial Results on April 25, 2024 • GlobeNewswire Inc. • 04/01/2024 01:00:40 PM
- Check Point Announces a New Collaboration with Microsoft to Supercharge Infinity AI Copilot with Microsoft Azure OpenAI Service • GlobeNewswire Inc. • 03/26/2024 01:00:00 PM
- Check Point to Set New Standard for Securing AI Cloud Infrastructure at Scale with NVIDIA • GlobeNewswire Inc. • 03/19/2024 03:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 12:13:38 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 10:25:36 PM
- Check Point Software Achieves Top Ranking Zero Trust Platform Benchmark • GlobeNewswire Inc. • 03/06/2024 06:05:00 PM
- Introducing Check Point Harmony SaaS: The Cutting-Edge Solution for SaaS Threat Prevention • GlobeNewswire Inc. • 03/06/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/01/2024 09:05:23 PM
- Check Point Software Technologies Ranked as a Leading Email Security Provider in Latest Industry Analyst Report • GlobeNewswire Inc. • 02/29/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 11:12:50 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM