Check Point increasing subscription revenues

Check Point has followed up changes made in its channel partner programme with a set of fourth quarter numbers that have shone the light on its increasing subscription revenues.

The security player cut the ribbon on its global partner programme last week with rewards increased for those that bring in new business and accelerate customer adoption of cloud security.

That push towards cloud has been delivering results for Check Point and the firm's founder and CEO Gil Shwed provided an update with the Q4 and end of year numbers.

“Over the last decade we introduced our security-as-a-service subscription model, which delivers the most advanced technologies in cyber. In 2019, subscription reached over six hundred million dollars in revenues and was driven by cloud, mobile and zero-day advanced threat prevention technologies,” he said.

Fourth quarter revenues improved by 3%, coming in at $544m and for the year the improvement was similar at 4% with total revenues hitting $1,995m.

The global channel partner programme has been designed to encourage resellersa to focus on growth areas and help with keeping the growth going for the vendor.

“With the program’s new initiatives, we are doubling down on our commitment to helping our partners win new business and build even stronger relationships with existing customers," said Frank Rauch, Check Point’s head of worldwide channels.

For the first time the vendor has introduced an 'Elite' tier, giving partners the chance to deliver a wide ranger of solutions. There are also rewards for those partners that have MssP and professional services offerings.

Dan Yerushalmi, chief customer officer at Check Point, said: “Partners continue to be a key pillar in Check Point’s growth strategy. I am very pleased with our team’s work on the Check Point Partner Growth Program, which aligns well to our strategic initiatives of acquiring new customers and next generation security."

Shwed used the results as an opportunity to highlight the investments the firm continued to make to keep across the latest cybersecurity threats.

“We began the new decade with the introduction of Infinity NEXT, the industry’s most comprehensive cyber security platform with over 60 security technologies that support over 50 types of assets including operating systems, cloud workloads, IoT devices, mobile devices and network of any type,” he said.