Home CioAxis Hellman & Friedman Acquires Cybersecurity leader Checkmarx

Hellman & Friedman Acquires Cybersecurity leader Checkmarx


Cybersecurity firm Checkmarx has announced that US private equity firm Hellman & Friedman 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.

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