Checkmarx to Be Acquired by Hellman & Friedman at a $1.15 Billion Valuation

guest · Mar 16, 2020

Checkmarx to Be Acquired by Hellman & Friedman
March 16, 2020
https://www.infosecurity-magazine.com/news/checkmarx-to-be-acquired-by/

Insight Partners has agreed to part with application and software security company Checkmarx in a billion-dollar deal.
Once the deal is complete, Checkmarx will be owned by global private equity firm Hellman & Friedman, though Insight Partners will retain a substantial minority interest.

Checkmarx is to be acquired at a valuation of $1.5bn, making the planned transaction the largest acquisition of an application security company to date.
Since being founded in 2006, Israel-based Checkmarx has been led by CEO Emmanuel Benzaquen and CTO and founder Maty Siman. Currently, the company employs more than 700 employees in 22 countries.

"This acquisition is a clear testament to Checkmarx’s inimitable global team who have ensured our leadership position in software security, as well as to the significant role our technology plays in the broader cybersecurity industry," said Benzaquen.
Click to expand...

He said: "More than 40 of the Fortune 100 have turned to Checkmarx to mitigate risk, secure code, and embed security into every aspect of their software development. We are thrilled to partner with H&F in our journey that takes our ‘software equals security’ vision to the next level."
Insight Partners managing director Richard Wells praised the progress Checkmarx has made in recent years.
Click to expand...

Checkmarx: Hellman & Friedman to Acquire Cybersecurity Leader Checkmarx at a $1.15B Valuation

guest · Mar 22, 2020

A Message From Our CEO: Checkmarx’s Acquisition & The Road Ahead
March 20, 2020
https://www.checkmarx.com/blog/checkmarx-acquisition-and-the-road-ahead

Yet, in the midst of all of this uncertainty, this week, we announced the exciting news that Hellman & Friedman has entered into a definitive agreement to acquire Checkmarx at an amazing valuation of $1.15 billion. This deal represents the largest-ever transaction in the application security market and one of the largest security transactions of the year.

Given that this is a momentous event for Checkmarx, I would like to share a bit more about what it means.
Click to expand...

Log in or Sign up

Checkmarx to Be Acquired by Hellman & Friedman at a $1.15 Billion Valuation

guest Guest

guest Guest

Log in or Sign up

Checkmarx to Be Acquired by Hellman & Friedman at a $1.15 Billion Valuation

guest Guest

guest Guest

Useful Searches