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Redwood City, CA — February 09, 2011 Check Point Software Technologies Ltd. (NASDAQ: CHKP), the worldwide leader in securing the Internet, today announced that its board of directors has authorized a 50% increase in its on-going stock repurchase program.  Under the expanded plan, Check Point is authorized to repurchase $300 million of its outstanding shares during 2011, up from $200 million in 2010.

As of December 31, 2010, Check Point has approximately 208.4 million shares of common stock outstanding; for the fourth quarter of 2010, the number of diluted shares was approximately 214.4 million.

Since its initial share repurchase program announced in October 2003 through December 31, 2010, Check Point has purchased approximately 79 million shares for a total of approximately $1.8 billion.

Share purchases will take place in the open market and may be made from time to time depending on market conditions, share price, trading volume and other factors. Such purchases will be made in accordance with the requirements of the Securities and Exchange Commission.  For a portion of the authorized repurchase amount, Check Point may enter into a plan that is compliant with Rule 10b5-1 of the United States Securities Exchange Act of 1934 that is designed to facilitate these purchases. The repurchase program has no time limit, does not require Check Point to acquire a specific number of shares, and may be suspended from time to time or discontinued. The share repurchases will be funded from available working capital.