Check Point to employ hundreds of developers in Israel

The Israeli cybersecurity company Check Point Software Technologies Ltd. (Nasdaq: CHKP) to appoint hundreds of developers in Israel. Speaking at the press conference after the company published its strong first-quarter results today, Check Point CEO Jill Shwed said that at the end of 2020, the company had 5,198 employees and that it expects that number to reach 6,000, perhaps even by the end of 2020. Year, with a focus on hiring developers in Israel. Shwed expanded the company’s strategy and existing Infiniti security architecture, which he said possesses a wealth of technology that no other company does. He said the structure includes three “families” – Quantum for Network Security, CloudGuard for Cloud Security and a New Family, which were launched in the first quarter of 2021 to secure communications for employees from anywhere. Shwed said, “There are many players but if a customer wants to build a safe environment for themselves, then our Infinity alternative is much stronger and safer.” He added that Check Point’s cloud business revenue reached $ 200 million in the first quarter and that CloudGuard grew 50% in the quarter. Shwed also spoke about what he called a “post-coronavirus world” and said: “In Israel we are in a relatively advanced position with regard to the economy. But all over the world, employees today are subject to closures and infections at record levels, so the Coronavirus is still with us.” “We believe the world will be different after the Coronavirus. Digital transformation has accelerated a lot and will become a mixed world – for example, some will continue to buy online and some will return to physical stores. – Same thing: Check Points offices are open and we have a green bracelet to show,” Shwed continued. Everyone in the office has been vaccinated, but most employees still prefer a hybrid model and don’t come to the office every day. ” “Regarding cyberattacks, we will undoubtedly need more preventive capabilities around the world. The rate of attacks in Israel has increased in recent months, and there is a new dangerous attack every week. I am happy to say that we are dealing beautifully.” According to Check Point data based on the attacks it succeeded in repelling, the average Israeli organization is attacked about 700 times each week, compared to a global average of 750 times, with Israel being among the leaders of ransomware attacks with each organization facing an average of 70. Attack per week compared to 50 attacks worldwide. RELATED ARTICLES Check Point outperforms analysts with first-quarter results. In this regard, Shwed spoke about the record sums raised by Israeli cybersecurity companies. He said, “I am very proud of many of them, because many of the founders and employees have come from Check Point and they are amazing people that we have raised. It’s very pleased to see that we have built a very cool industry here. The companies themselves are mostly good companies with real market and clients. They buy technology. ” “On the one hand, the challenge is big. I will not go into comparisons but there are definitely too many players and technologies and customers cannot handle this. Ultimately, the challenge will not be sustainable. Another challenge is the huge demand for two factors in the market, and it is This is a challenge for Israel to keep the industry here. ” Check Point’s share price is currently up 0.79% on the Nasdaq at $ 120.75, giving a market value of $ 16.33 billion. Posted by Globes, Israel business news – en.globes.co.il – on April 26, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021