Thomas Bravo's acquisition of Veracode for $ 950 million and Shape Security's acquisition of F5 Networks after $ 1 billion, the third provider of security testing to replace hands for $ 1.15 billion. This is indeed the price that a private equity firm based in San Francisco, Hellman & Friedman (H&F), will pay to acquire Israeli Checkmarx from Insight Partners, which will retain a "significant minority stake". From Tel Aviv. This is the biggest achievement by a company specializing in applied security ever.
The acquisition will further bolster the company's already significant growth at a time when software security was never more important for modern businesses, the statement added.
"This achievement is a testament to the unparalleled global team of Checkmarx that has secured us a leading position in the software industry as well as the important role our technology plays in the broader cyber security industry." says Emmanuel Benzema, CEO of Checkmarx. "While more companies using software development to grow their business than ever, managers are keenly aware of the increased risks associated with software exposure."
Checkmarx was founded in 2006 and has been led by Emmanuel Benzemaak and Matty Simon, Founder and Technical Director since then. It employs more than 700 people and has more than 1,400 clients in 70 countries, including about Fortune 100 companies.
"We look forward to building on the tremendous success of Checkmarx and supporting the rapid growth of the business in the coming years." says Tarim Wasim, a partner at Hellman & Friedman. "Maty and Emmanuel are two of the key executives in the cyber security industry, and we are pleased to have supported their stratospheric growth over the last five years. We will remain active supporters and vocal champions of the Checkmarx team. " adds Richard Wells, CEO of Insight Partners.
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