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Check Point, MetaInfo in Merger

Check Point Software Technologies Ltd. announced today it signed an agreement to merge with IP address management software company MetaInfo Inc.

Under the agreement, Seattle, WA-based MetaInfo will become a wholly-owned subsidiary of Check Point, and MetaInfo's IP address management products will be incorporated into Check Point's Enterprise Infrastructure.

Financial terms of the deal call for Check Point to issue 683,200 shares of common stock in exchange for all of the outstanding shares and options to purchase shares of MetaInfo. The merger will be accounted for as a pooling of interests transaction.

The companies said that future plans will include the integration of MetaInfo technology with Check Point's Enterprise Security Management and Enterprise Traffic Management products.

"The merger with MetaInfo brings Check Point one step further toward our vision of secure, reliable, and manageable business communications over IP networks, embodied by our Secure Enterprise Connectivity strategy," said Gil Shwed, president and CEO of Check Point Software Technologies Ltd., in a statement.

"In the past, the physical infrastructure of IP networks was fairly static. But today, users require universal connectivity anytime, anywhere, through a growing number of network devices. Managing this new fluid, dynamic network requires central, policy-based management of all critical network functions, from the supporting infrastructure through the services of security, traffic control, and directory services."

Check Point's leading enterprise security suite includes Check Point FireWall-1, and the policy-based bandwidth management solution, Check Point FloodGate-1.