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Check Point Software Technologies acquires security appliance business of Nokia

Posted on: Tue, 14 Apr 2009 14:20:00 EDT

Symbols: NOK, CHKP

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Apr 14, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
NOK | Quote | Chart | News | PowerRating -- Check Point Software Technologies, Ltd., an Israel-based marketer, developer, and supporter of software products and services, has acquired the security appliance business of Nokia Oyj, a Finland-based manufacturer of mobile devices.

Announcement (December 22, 2008):

Check Point has signed an agreement to acquire the security appliance business of Nokia.

The agreement is expected to close in the first quarter of 2009.

Barclays Capital plc is acting as financial advisor to Nokia.

Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Completed: 2009-04-13

Deal Participants

Target (Company)   Nokia Oyj - Security Appliance Business
Acquirer (Company) Check Point Software Technologies, Ltd.
Vendor (Company)   Nokia Oyj

Deal Rationale

The transaction would expand the security appliance portfolio of Check Point.

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For full details on Check Point Software Technologies Inc (CHKP) CHKP. Check Point Software Technologies Inc (CHKP) has Short Term PowerRatings at TradingMarkets. Details on Check Point Software Technologies Inc (CHKP) Short Term PowerRatings is available at This Link.

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