“We are looking at acquisition targets as we speak. I literally just had a meeting before this call with our M&A team; they are looking at multiple companies. Nothing is imminent right now, but there will be more.”

In context

“Nadav Zafrir (CEO): Yes. Thanks, Rob. My favorite topic. I look at this from two different perspectives: those outside of Check Point and where Check Point's role is. Outside of Check Point, it's the four phases of adoption. I still need to sort of - I still haven't seen a meeting with the C-level, whether it's the Board, CIO, or Chief Data Officer, where this is not front and center of their strategy. We're all there; we're there as people; we understand that we either start advancing in the journey or we become obsolete. Moving from enhancement, which is where we are right now, to replacement. The first organizations, the more sophisticated ones, are starting to play around with crossover agents that are making crossover decisions and getting access to different databases. That opens a new plethora of challenges, changing the idea of what it means to protect the network. Not only because there's more to attack, but also because we need to understand that attackers are usually one phase ahead. So if we are in phases one and two, they're already experimenting with phase three. So that's how we look at the outside world. And looking at our customers, we want to be their partner to adopt AI quickly while doing security for them. So on the level of users, I believe we have the best security. On the level of runtime security for the second phase and approaching the third, I think Lakera is unique. With Lakera, I think we have the full stack of what's needed. However, we need to think about phases three and four, some of it will be organically, but to your question, Rob, some of it will be inorganically. We are looking at acquisition targets as we speak. I literally just had a meeting before this call with our M&A team; they are looking at multiple companies. Nothing is imminent right now, but there will be more.”