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June 4, 1996


By CBR Staff Writer

Israeli Internet firewall specialist CheckPoint Software Technologies Ltd based in Jerusalem and Redwood City, California, is going to the market, seeking to raise between $12 and $14 in an initial public offering of 4.2m shares. Goldman, Sachs & Co is lead underwriter. CheckPoint recently sold a 20% tranche of its stock to Venrock Associates and US Venture Partners which now hold 10% each. CheckPoint’s initial investor, BRM Technologies Ltd in Jerusalem, has 30%. No additional capital was raised in the process. Market research firm The Yankee Group says the firewall market will grow to $924m in 1999, up from $121m in 1995. International Data Corporation gives CheckPoint a leading 40% share of the worldwide commercial firewall market, with more than 4,000 units shipped in 1995. According to the report, more than 75% of all web server software shipped in 1995 is being used for Intranet servers, and by 1999, this number will grow to more than 91%. CheckPoint, which counts SunSoft Inc as its largest OEM to date, will today reveal that Bay Networks Inc is to integrate the CheckPoint FireWall-1 software into its the BayRS software (Bay Routing Services) which runs on across its family of routers. The two claim it’s the first time a firewall has been integrated into a router. Bay Networks will resell and support what it’s calling BaySecure FireWall-1 as well as the FireWall-1 management console on Unix and Microsoft from the fourth quarter. BaySecure is a new enterprise-wide security framework that Bay will launch today. CheckPoint claims FireWall-1 supports 120 applications, services and protocols.

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