Tag: airwatch mobile security

The announcement of the purchase of the Israeli company has now been officially made.

Check Point Software Technologies has now officially announced the acquisition of the Israel based Lacoon Mobile Security business, following a slew of reports that had appeared throughout March.

Last month’s reports had suggested that the companies had been in talks for an $80 million purchase.

As of the writing of this article, the actual price of the sale of the mobile security company had not been released. That said, the deal has now officially closed and has been announced by the companies. This purchase of Lacoon will hand Check Point an important piece in the smartphone and tablet based security puzzle. This will allow it to step its offerings up from the standard mobile device management that is the foundation of many of its rivals. This, according to the vice president of business development at Check Point, Alon Kantor.

Adding mobile security to device management can provide an entirely new level to remote services.

Typically speaking, mobile device management has to do with providing IT with control over a smartphone or tablet in a remote way, so that actions can be taken such as removing corporate data from a personal device if an employee should leave the business, or even completely wiping a stolen phone.

What makes Lacoon unique is the way in which it looks at mobile device security. Kantor described it by saying that “MDM manages the devices and the applications while the Lacoon solution is about securing these devices and blocking advanced mobile threats such as malware, [advanced persistent threats] or targeted network attacks.”

This functions with both Android and iOS based devices. It collects data with regards to threats and then complements any other existing security infrastructure that a company has put into place. This could provide Check Point with a very powerful mobile security tool, according to Constellation Research principal, R. Ray Wang. He explained that instead of having to depend on the reaction of MDM to a threat to security, once it has already happened, Lacoon protects proactively to protect against the attacks in the first place.

The cloud software manufacturer has now revealed that it will be buying the company for $1.54 billion.

VMware Inc., a cloud software maker, has now announced that it will be buying AirWatch, which is a privately held mobile security provider, for a purchase price of $1.54 billion.

The goal is to allow the companies to secure a place in meeting demands from companies for securing devices.

As a growing number of employers are allowing their workers to use their own mobile devices such as smartphones and tablets, they are also placing themselves at an increased risk. Therefore, there is currently a rapidly rising demand from businesses for a way to secure those employee owned gadgets, as well as those that are owned by the companies but that are used by the employees, for that matter.

Some analysts see this mobile security acquisition as a threat to BlackBerry’s traditional position of dominance.

The reason that they feel this way is that BlackBerry Ltd. has, for many years, been the automatic choice for companies that are seeking to protect themselves with security products. That said, other analysts are saying that this new acquisition could lead to a rash of additional buyouts throughout this market.

The first steps that VMware, itself, had made into this market were only recent ones. It’s primary business has been in the manufacture of virtualization software, which produces a type of virtual machine which behaves in a way that is comparable to an actual computer. This gives companies the opportunity to slash their IT expenses by reducing the need for storage space and servers.

According to Pat Gelsinger the CEO of VMware, when interviewed about the deal, “AirWatch will be the center of our mobile activities,” adding that “We are really bringing together the strength we have in PCs and desktops with AirWatch’s in the mobility space.”

According to ABI Research, the mobile security marketplace will be doubling by next year, to reach over $1 billion. The VMware acquisition of AirWatch is the third major deal of this nature that has recently occurred and many are predicting that this number will grow.