Check Point Software Technologies has acquired Spectral, an Israeli startup that offers developer-centric security tools for cloud and traditional applications. Financial terms of the deal were not disclosed.
This is technology M&A deal number 147 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021, and 2020 listed here.
Check Point Acquires Spectral: Security Use Cases
Spectral’s security tools, according to Check Point, support such use cases as:
- Infrastructure as Code Scanning
- Code Tampering Prevention
- Hardcoded Secrets Detection
- Source Controls and CI/CD Security
- Source Code Leakage Detection
Among Spectral's recent developments: The company in August 2021 released DeepConfig, a detection technology that can" identify misconfigurations at all layers of software to prevent exploits of security gaps and data breaches."
Spectral's technology will tuck into Check Point CloudGuard, providing customers and partners with Infrastructure as Code (IaC) scanning and hardcoded secrets detection, the buyer indicated.
Spectral has 34 employees listed on LinkedIn. The startup's installed base spans developers from roughly 300 organizations worldwide, the buyer said.
Ahead of the company sale to Check Point, Spectral raised $6.2 million in early stage funding in February 2021, according to Tech Crunch.
Check Point Acquires Spectral: Executive Perspectives
In a prepared statement about the deal, Dr. Dorit Dor, chief product officer at Check Point Software, said:
“As leaders in IT security Check Point is constantly looking at how cloud security will morph in the future so we can invest today in securing whatever comes next. The acquisition of Spectral, further emphasizes our commitment to cloud developers. This is Check Point´s fifth cloud security acquisition in the last three years, reaffirming our commitment to support the cloud developer´s community and our mission of delivering cloud security automation, usability, and trust across any cloud to every enterprise.”
Added Dotan Nahum, CEO and co-founder of Spectral:
"Spectral’s undertaking is to enable developers to build and ship software without worry. By joining Check Point, we will be able to help more developers, across more regions, and build our community and open source offering faster and more effectively. The combination of Check Point’s deep cloud security capabilities and threat intelligence tools with Spectral’s best in class security tools for developers, will allow organizations to shift-left security with tools developers love and security teams trust.”
Check Point Financial Performance, Quarterly Results
Next up, Check Point is expected to announce Q4 2021 financial results on February 3, 2022. We'll be listening for potential clues about the company's partner program progress with MSPs and MSSPs.
