Check Point Software Technologies said it has made an offer to acquire Sweden-based Protect Data for approximately $586 million. Protect Data board members have approved the acquisition, which is subject to regulatory and shareholder approval.
Check Point considers Protect Data, owner of Pointsec Mobile Technologies, to be a leader in data security for laptops, desktop computers, PDAs, and smart phones. Check Point said the acquisition will begin the next phase of its strategy to add a data security layer to its overall offerings. The company hopes to realize a vision of securing all enterprise data.