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Check Point was established in Ramat Gan, Israel in 1993 by Gil Shwed, Marius Nacht and Shlomo Kramer. Shwed had the initial idea for the company's core technology known as stateful inspection, which became the foundation for the company's first product, FireWall-1; soon afterwards, they also developed one of the world's first VPN products, VPN-1. Shwed developed the idea while serving in the Unit 8200 of the Israel Defense Forces, where he worked on securing classified networks.
Initial funding of US$ 250,000 was provided by venture capital fund BRM Group.
In 1994, Check Point signed an OEM agreement with Sun Microsystems, followed by a distribution agreement with HP in 1995. The same year, the U.S. head office was established in Redwood City, California. [ citation needed ]
By February 1996, the company was named "Worldwide Firewall Market Leader" by IDC, with a market share of 40 percent. In June 1996, Check Point raised $67 million from its initial public offering on NASDAQ.
In 1998, Check Point established a partnership with Nokia, which bundled Check Point's Software with Nokia's computer Network Security Appliances.
In 2003, a class-action lawsuit was filed against Check Point over violation of the Securities Exchange Act by failing to disclose major financial information.
On August 14, 2003, Check Point opened its branch in Delhi. [ citation needed ]
Check Point acquired Nokia's network security business unit in 2009.
In 2018, the company discovered "AdultSwine" malware programmed into around 60 apps on the Google Play Store, primarily those aimed at children. The bug would display pornographic ads that, when clicked on, would instruct victims to download more malicious software in an attempt to steal personal data. It was estimated that between 3 and 7 million users may have been infected.
In 2019, researchers at Check Point found a security breach in Xiaomi phone apps. The security flaw was reported preinstalled.
As of December 2023, Check Point Software continues to operate in Russia, selling its cybersecurity products in the country. Despite the Russian invasion of Ukraine, the company has maintained its office in Moscow and has faced criticism for its decision to remain active in Russia.
In December 2024, Gil Shwed moved to become Executive Chairman of the Board of Check Point. Nadav Zafrir joined Check Point as the new Chief Executive Officer.