CLAIM #66899 · Check Point Software Technologies Ltd (CHKP) · 2021Q3 earnings call · Oct 28, 2021 · due Dec 27, 2021
“And I gave the example of Avanan, which I think that within 30 to 60 days from the acquisition, we'll have a product that has joint engines, so that we didn't have before.”
Gil Shwed · CEO
In context
“Gil Shwed (CEO): You're right in your assessment. People recognize that the current complexity is excessive and see a need for consolidation. However, many in customer IT departments continue to purchase separate solutions from various vendors. This situation is evolving in both directions. Our goal is to create a unified platform, which is quite unique, as most vendors tend to specialize in one specific area rather than offering a comprehensive solution. While some of our main competitors promote a similar architectural approach, they often lack a cohesive architecture and integrated product set, resulting in offerings that are divided both business-wise and technologically. Some of them have clearly stated and say that their focus now is not in adding more value to their platform, but rather integrating what they already have. So I think in that regard, what we aim to offer with Check Point is an architecture that works better. And again, it's in two dimensions, actually more than two dimensions, at least three dimensions. One dimension is the management of the products and the deployment of the product, which is very important. One dimension is the increased level of security. And I gave the example of Avanan, which I think that within 30 to 60 days from the acquisition, we'll have a product that has joint engines, so that we didn't have before. So it will have better security even though we are within, again, a month or two. So that's super fast integration because of the way our platform works. So it's not just getting into one constant and seeing different features but actually enjoying the threat extraction and the threat emulation engines that we have in our SandBlast engine that we have in our cloud on all the vectors, including the email, for example.”
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SEC filings for CHKP ↗ · Claim quote is verbatim from the 2021Q3 earnings call.