CLAIM #67004 · Check Point Software Technologies Ltd (CHKP) · 2023Q3 earnings call · Oct 30, 2023 · due Oct 30, 2024
“In terms of CapEx, we expect to invest a few million dollars a year related to Perimeter 81; it's not significant.”
Gil Shwed · CEO
In context
“Gil Shwed (CEO): I think in terms of the integration, we've built a module within Check Point called Rockets that allows these businesses to keep some independence while working with Check Point on R&D and sales and marketing to drive things forward. Quantum SASE will be tightly integrated into Check Point as it's a network solution and integrates with our gateways and projects. The synergy here is extremely positive. We already see a high level of interest in the field, and it will take some time to build the bridges, but we are working hard. There are two caveats: we want to create one product suite and connect management with Check Point's other security technologies and Perimeter 81. However, it has been growing nicely on its own, and we don't want to disrupt that. So, I hope we will see even faster transition because it is so central to our technology. In terms of CapEx, we expect to invest a few million dollars a year related to Perimeter 81; it's not significant.”
Verify independently
SEC filings for CHKP ↗ · Claim quote is verbatim from the 2023Q3 earnings call.