Check Point Software Technologies plans to introduce document security software that meets the growing need for corporate users to access company information on mobile devices.
The software encrypts and controls access to files across an organisation's various departments.
Check Point president Amnon Bar-Lev said the product is an offshoot of Check Point's 2010 acquisition of data protection startup Liquid Machines and will be offered both as a cloud service managed by Check Point or for deployment by customers in private clouds.
Documents in a variety of formats including those created in Microsoft Excel, Word and Adobe Acrobat can be created with different rights assigned to different users, said Bar-Lev.
The default can for example be set to ensure that all the documents can only be read by people in the enterprise.
"If someone were to leak out information, then nobody outside can read it," Bar-Lev said.
"Then we can start building groups on top of it, allowing only HR or only finance, or only a specific individual to be able to read or do certain things with certain documents."
Documents may also be shared outside the organisation with certain restrictions.
The technology, set to debut by the end of this year, will also enable authorised users to access the documents through clients on their smartphones.
Besides its VPN (virtual private network) client for mobile phones, the company also plans to integrate corporate email and calendar into the client in a totally isolated environment, called a sandbox, on the device.
The large number of high-profile hacks and DDoS (distributed denial of service) attacks have increased people's awareness of the importance of security, but enterprise spending on security has not changed dramatically, and is likely to continue at about 5 per cent of IT spending, Bar-Lev said.
Security spending is still largely driven by regulation, as it is not seen as directly producing something for the organisation, he added.
Current economic conditions including the European debt crisis are also likely to result in a slowdown in overall IT spending, including security.
The Israeli security company, with US headquarters in Redwood City, California, reported that second quarter revenue was about $329m, a 9 per cent increase over last year's second quarter. Net profit was $150m, an increase of 17 per cent from 2011's second quarter.