Product details

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Abstract

In June 1993, Gil Shwed co-founded a security company called Check Point Software Technologies with partners Marius Nacht and Shlomo Kramer. It introduced its first product, Firewall-1, in April 1994 and began generating revenues in the third quarter of 1994. The company quickly became the most successful Israeli high technology company in history with a market capitalization of over $10 billion by the middle of 2001 (with a peak of $27 billion in 2000). Over the years, Shwed and his management team had developed highly effective strategies and had executed their strategies extremely well. However, by 2001, they knew that their rapid success had begun to lead the company into a new phase of growth - a phase that they would need to prepare for both internally and externally. Specifically, Shwed and his team wondered how Check Point could continue to grow its top line, ward off major competitors such as Cisco, continue to meet the needs of its current customers, meet the needs of its rapidly growing base of new customers, and ensure its communication and knowledge transfer processes were aligned with future growth.
Location:
Industry:
Size:
280 employees, USD5.5 million revenues
Other setting(s):
2001

About

Abstract

In June 1993, Gil Shwed co-founded a security company called Check Point Software Technologies with partners Marius Nacht and Shlomo Kramer. It introduced its first product, Firewall-1, in April 1994 and began generating revenues in the third quarter of 1994. The company quickly became the most successful Israeli high technology company in history with a market capitalization of over $10 billion by the middle of 2001 (with a peak of $27 billion in 2000). Over the years, Shwed and his management team had developed highly effective strategies and had executed their strategies extremely well. However, by 2001, they knew that their rapid success had begun to lead the company into a new phase of growth - a phase that they would need to prepare for both internally and externally. Specifically, Shwed and his team wondered how Check Point could continue to grow its top line, ward off major competitors such as Cisco, continue to meet the needs of its current customers, meet the needs of its rapidly growing base of new customers, and ensure its communication and knowledge transfer processes were aligned with future growth.

Settings

Location:
Industry:
Size:
280 employees, USD5.5 million revenues
Other setting(s):
2001

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