Team teams with Wiz to challenge Palo Alto

The veteran Israeli cyber security company Check Point Software Technologies Ltd. (Nasdak: CHKPIt announced a strategic partnership with the Israeli cloud security company Visible To provide cloud safety from end to end. The leading company in the field of cybersecurity in the field of cloud security is Palo Alto Networks (NASDAQ: PANW), which was founded by Nir Zuk and its management by Nikesh Arra. In a rear mass call, Arra said that the revenue of Palo Alto in the fourth quarter of 2024 exceeded $ 700 million.

Check Point is managed by Nadav Zafrir CEO, who succeeded Gil Shwed in December, who became an executive president. Wiz, led by the founder and executive director of ASSAF RAPPAPORT, will provide the most comprehensive cloud security solutions in the industry, according to the companies ’announcement. The examination plan and the WIZ plan to provide a comprehensive solution to safety challenges in distributed network environments, in a way you will find gaps in the security teams required to provide both cloud safety and protect the original cloud application (CNAPP).

Check Point and WIZ will implement the integration of technical products, which will allow the delivery of the Check Point cloud protection mechanisms with the detection of cloud risks and weakness in Wiz, allowing the prevention of cloud attacks in actual time. According to companies, the combination of data security professionals will allow the assets and applications that are not sufficiently protected in the cloud, define the priorities of the necessary reforms and ensure the prohibition of attacks.

Cooperation will include mutual integration and support for the transfer of CNAPP customers from Check Point to Wiz. According to the report, Check Point will increase resources, and it is expected to increase investments in its cloud safety, including the protection of the cloud network, the web applications protection wall, Genai and more.

“We transform how organizations run the risk in the cloud.”

Both companies say that the strategic partnership expresses its commitment to creating innovative safety solutions and providing security responses that companies and institutions responded.

“The formal nature of this partnership was added between the two parties to create a new safety model – combining the experience of the cloud network security in Check Point and the Wiz’s CNAPP leadership to provide comprehensive protection through hybrid networks. Enabling the teams to cooperate with greater efficiency and control .

“Collecting the leading CNAPP technology in Wiz and Check Point in the security of the cloud network enhances vision and gives priority to risks more effectively. Our partnership aims to ensure that companies can protect their networks and a cloud smoothly through an integrated solution in the industry while continuing to add Democratic character on cloud security. “

Wiz also has a cooperation agreement with Cyberark (NASDAQ: CYBR), which specializes in managing the organization’s identity. Last November, the two companies announced cooperation that includes the integration between the Cyberark ID platform and the cloud safety platform in Wiz. Another cooperation was ended about 18 months ago. This cooperation was canceled with the Israeli cybersecurity company (NYSE: S), which is run by the founder Tomer Winjutten, after leaking and published that the two companies were in talks towards integration.

Check Point is currently trading on the NASDAC Stock Exchange with a maximum of 23.76 billion dollars, after the price of its share increased by 15.7 % since the beginning of the year. Wiz is a private company, which raised money last year with the evaluation of the company of $ 12 billion, and in July, this was stated that a $ 23 billion acquisition of Google. Palo Alto networks are traded on the Nasdaq Stock Exchange at the market price of $ 129 billion.

It was published by Globes, Israel Business News – En.globes.co.il – on February 11, 2025.

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