• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Dossier.org

Market Intelligence

  • About
  • Market Dossier
    • Technology Dossier
    • Events
    • Venture Capital Dossier
  • Domain Dossier
  • Sponsored Post
    • Make a Contribution
  • Contact

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

March 16, 2020 By admin Leave a Comment

Checkmarx, the global leader in software security solutions for DevOps, today announced that Hellman & Friedman (“H&F”) has entered into a definitive agreement to acquire the Company from Insight Partners, which will continue to own a substantial minority interest. The deal represents the largest acquisition of an application security company to date.

The acquisition will bolster the company’s already outstanding growth at a time when software security has never been more critical for modern enterprises building out their software solutions. Checkmarx enables organizations to deliver secure software faster, by making security excellence intrinsic to software development. By bringing to light vulnerabilities within software solutions, Checkmarx is a critical ally to the developers and application security experts of the world’s leading brands discovering and reporting security threats before disaster strikes.

“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 Emmanuel Benzaquen, CEO of Checkmarx. “With more corporations leveraging software development to scale their businesses than ever before, executives are acutely aware of the increased risks caused by software exposure. 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.”

Checkmarx was founded in 2006 and led since by Benzaquen and Maty Siman, Founder and CTO. It employs more than 700 employees and is trusted by over 1,400 customers in 70 countries. The company is a leader in Application Security Testing with a robust suite of solutions for modern enterprise development.

“We are thrilled to be joining forces with Emmanuel, Maty, and the entire Checkmarx team,” said Hellman & Friedman Partner, Tarim Wasim. “As cybersecurity threats continue to intensify, we strongly believe that embedding security early in the software development lifecycle is critical. Only one company – Checkmarx – has the breadth of products, developer-centric DNA, and culture of relentless innovation to serve the entire software security market. We look forward to building on Checkmarx’s tremendous success to date and supporting the company’s rapid growth in the years ahead.”

“Checkmarx technology is mission critical to any business that is developing or integrating software, and from even before we invested in the Company in 2015, we have been continuously impressed by the leadership to come out of this team of game changers and innovators,” Insight Partners Managing Director Richard Wells said. “Maty and Emmanuel are two of the cybersecurity industry’s top operators and we have been thrilled to have supported their stratospheric growth over the last five years. We will remain active supporters and vocal champions of the Checkmarx team.”

Evercore Group L.L.C. acted as lead financial advisor and Stifel as advisor for this transaction. RBC Capital Markets acted as lead financial advisor and Simpson Thacher & Bartlett LLP as legal counsel to H&F. HFN acted as legal counsel to Checkmarx and Willkie Farr & Gallagher LLP acted as legal counsel to Insight Partners.

About Checkmarx
Checkmarx is the global leader in software security solutions for modern enterprise software development. Checkmarx delivers the industry’s most comprehensive Software Security Platform that unifies with DevOps and provides static and interactive application security testing, software composition analysis, and developer AppSec awareness and training programs to reduce and remediate risk from software vulnerabilities. Checkmarx is trusted by more than 40 of the Fortune 100 companies and half of the Fortune 50, including leading organizations such as SAP, Samsung, and Salesforce.com. Learn more at www.checkmarx.com.

About Hellman & Friedman LLC
Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors including software & technology, financial services, healthcare, retail & consumer, and other business services. Since its founding in 1984, H&F has raised over $50 billion of committed capital, invested in over 90 companies, and is currently investing its ninth fund, with $16.5 billion of committed capital. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.

About Insight Partners
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has cumulatively invested in more than 300 companies worldwide through a series of funds representing more than $20 Billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a core belief: ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit www.insightpartners.co

Filed Under: News Tagged With: Checkmarx, Hellman & Friedman, acquisition, cybersecurity

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

VC

Deel Raises $425M in Series D Funding to Continue Transforming the Future of Work
Konnecto Raises $21M to establish a new category in marketing technology
CloudNC raises $45m to deliver autonomous manufacturing
Eurora raises $40M for its AI-based system to automate EU e-commerce shipping compliance
Upcoming Technology Conferences
Content marketplace Pepper lands $14.3 million funding
Sharebite, the Leading Food Benefits Platform, Announces Closing of $39 Million Series B Round

Technologies

Intel to Acquire Tower Semiconductor for $5.4 Billion
Introducing IonQ Forte, Improving Quantum Performance with a Software-Configurable Dynamic Laser System
Top 10 tech trends that will shape the coming decade
2021 JavaScript developer roadmap
What it takes to become an AI powerhouse
Europe’s top tech champions
The energy in nuclear waste could power the U.S. for 100 years

Secondary Sidebar

Analysis

PayTech is the key to unlocking Africa’s new free trade zone
Cognizant to Acquire Servian, a Leading Australian Data and Analytics Consulting Firm
Russia’s Nord Stream 2 Pipeline: A Push for the Finish Line
More Than a Quarter of C-level Execs Unaware of Low-code, No-Code Revolution, According to CLEVR Survey
Fla.’s Housing Market: New Listings, Median Prices Rise in May

Market Research

Funding for logistics startups almost doubled in 2021
NFTphotomarketplace.com: NFT Photo Marketplace
Gaming-Disorder.com: Gaming disorder is now recognised by the World Health Organisation
UXSDK.com: How to get started in UX design
Quantum Computing Market Forecast

Footer

Recent Posts

  • Cognizant Wins Multi-Year Contract from National Insurance Company to Accelerate Digital Transformation
  • What were the top technology, media, and telecommunications (TMT) companies for total shareholder return (TSR)?
  • German total mkt cap as % of global mkt cap has hit another all-time low
  • Turkey’s annual inflation soars to almost 79%
  • Corporate debt as a share of GDP at around 80%
  • Sandvik completes the acquisition of Preziss, a solutions provider for aluminum and composite machining
  • MPCC orders two carbon-neutral 1,300 TEU newbuildings in partnership with industrial group Elkem and North Sea Container Line
  • Elkem commissions two climate-friendly ships for North Sea operation from NCL and MPC Container Ships
  • Future of the traditional classroom-based MBA vs online
  • Deals activity hit record levels in the UK and worldwide last year and plummeted in first half of 2022

RSS Blockchaining

  • Non-Fungible Tokens (NFTs)
  • One of the world’s biggest blockchains is testing a new way to approve transactions
  • Blockchain.com and Unstoppable Domains Introduce .blockchain, First Branded Domain Name
  • SuperTeam Games Raises $10 Million to Create Sports Games Enhanced by Blockchain Technology
  • What is a blockchain domain?

RSS S3H

  • Pandemic as an opportunity to reevaluate life and work choices
  • No more Côte d’Azur for Russian oligarchs
  • MKTG DEV 2022
  • WiFi as a Service
  • Small Refineries Respond to U.S. EPA Decision on 2021 and 2022 Blending Mandates

RSS VPNW

  • Give people time to recover
  • Picasso quote: When art critics get together…
  • Rising young innovators
  • Employee expectations have undergone a seismic shift
  • How to estimate company’s preparedness to meet moral and business obligations

RSS OPINT

  • Urban Mobility
  • How employees rate their company’s culture
  • PNSF Director visits the world’s largest experimental earthquake infrastructure facility
  • Rate for shipping a 40ft container from Shanghai to Los Angeles has now fallen by 38%
  • Be a futurist

Copyright © 2022 Dossier.org

Technologies, Market Analysis & Market Research

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT