October 31, 2011, 3:48 PM — Check Point Software is buying governance, risk management and compliance vendor Dynasec Ltd., which will add software that can help businesses comply with government regulations such as Sarbanes-Oxley and health insurance portability and accountability act (HIPAA).
Check Point says the buy will help out its 3D Security scheme to compile and publish best practices for corporate security policies, backed up by product to help meet those best practices.
MERGERS: Tech M&A deals of 2011
Dynasec will add expertise on how to deal with risk and comply with regulations.
Dynasec's product offerings include easy2comply, software that manages internal controls for complying with SOX and other regulations, meeting regulatory risk management deadlines and streamlining organization information security.
The emphasis is on automating tasks required to meet compliance standards. Overall, Dynasec will help customers translate compliance requirements into corporate policies. Easy2comply is preloaded with frameworks for specific regulations that can be integrated with Check Point's security products.
Dynasec is based in Israel with offices in the U.S., Canada, the U.K., the Netherlands, Spain and Hungary. Check Point says the deal is scheduled to close within a month, and it won't release the price it is paying for the company.
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