ipoint.exe is a process that belongs to Microsoft IntelliPoint, a software usually used if you have a Microsoft brand mouse to provide enhancements to the way the mouse works.
This process is the core executable for IntelliPoint. It is not a threat, and should not necessarily be removed or deleted, as long as it’s installed in the normal location.
The process is usually installed in the C:\Program Files\Microsoft IntelliPoint directory, but depending on your installation it could be located in a different place.
This process is created by Microsoft
The entire IntelliPoint or IntelliType software can be easily uninstalled by opening Add/Remove programs, selecting Microsoft IntelliPoint in the list, and choosing to uninstall. Note that removal of the software will remove functionality that you might be used to, and isn’t necessarily recommended.