Check Point Software Technologies is set to acquire governance, risk management and compliance (GRC) vendor Dynasec to help customers handle regulatory requirements.
According to Check Point, the buy will bolster 3D Security, Check Point’s vision for combining policies, people and enforcement in the name of security. The financial terms of the deal are not being made public. However, Check Point did give hints regarding its plans for the new acquisition.
Founded in 2004, Dynasec’s product offerings include its “easy2comply” GRC software, which provides a set of GRC frameworks for hundreds of compliance standards and appears to be a main target of the acquisition. According to Check Point, the buy will bring easy2comply together with Check Point’s security, business and consulting services, enabling Check Point to offer a simple way for businesses to automate the manual task of handling a growing number of regulations and compliance standards. Integrating the GRC frameworks with Check Point’s existing security products will allow customers to set and manage policies that can be applied to all of the company’s solutions, according to the company.
“By providing an easy way to define, manage and translate security policies into IT security controls, we are further enhancing the implementation of 3D Security for our customers,” said Amnon Bar-Lev, president of Check Point, in a statement. “This acquisition makes it very simple for customers to establish corporate policies that adhere to a wide range of global compliance regulations, and reinforces the importance of turning security into a business process.”
“With this new offering, we are extending our 3D Security strategy and bringing customers the tools that enable them to easily and quickly implement corporate and security policies with full control and enforcement,” Bar-Lev added.
The deal is expected to close within the next month.