Check Point Software Technologies Ltd. has announced the acquisition of Avanan Inc., a cloud email security startup, for an undisclosed sum. The acquisition price is between $250 million and $300 million, according to a source familiar with the issue.
Avanan is a cloud email and collaboration security platform that was founded in 2014 and has offices in New York and Tel Aviv. The company’s software employs advanced artificial intelligence to safeguard inboxes with a single button click, preventing even the most sophisticated phishing attacks from reaching the inbox.
Avanan’s platform functions with an array of services including Gmail, Office 365, Google Drive, G Suite, to name a few.
To Read More: SiliconAngle
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