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Check Point Software Technologies' Management Presents At Deutsche Bank DbAccess 2012 Technology Conference - Transcript

Tom Ernst - Deutsche Bank

Anything tactically that Check Point is doing to try to help in the weak market there?

Kip Meintzer

I don't think there is much from a tactical standpoint. I think what you have seen is due to-date we have delivered new appliances, we are very competitive in the market, we are the best price for performance as far as the products we have, which completely refresh our line of appliances and introduced Gaya our new operating system alone with GAiA with R75.40. We have introduced several new blades including the Anti-Bot blade. So, all of these things I think give us a lot more in our (inaudible) delivered to customers but I think it's still, we are going to see what time pans out for that.

Tom Ernst - Deutsche Bank

Let's shift gear to the competitive discussion, I know this has been all the questions you have been building last few months, but now that you have watched a few more months of market development, how strongly is Check Point positioned to some really high growth new business models, you have got Fortinet on the one end you have got Palo Alto Networks with what they position is the re-architecture of the firewall. What is the momentum bench for Check Point and how do you see it playing out for next couple of years?

Kip Meintzer

So, I guess what I look at is we play against these certain players in the marketplace now because over the course of the last several years with the introduction of our software blade architecture and also appliances in 2007, we have actually expanded the market that we address. If you go back to 2007 we had some aspect of our appliances at the beginning were more of UTM variety, had multiple functions. With the introduction of the software blade architecture in 2009 we expanded our presence in the market even wider than it was before and in beginning of 2011 we delivered our Application Control Blade in addition we continue to add even more blade the one on line are our Mobility Blade which we think has some very large potential in the future possibly as we all know that is very large market and there isn't really an economical or really secure solution out there we believe to address the market need for these bring your own device type network, bring your own device to work type of deployment.

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