DEVOPSdigest

Checkmarx announced that Hellman & Friedman completed the acquisition of Checkmarx from Insight Partners in an all cash transaction valued at $1.15 billion.

TPG has partnered with H&F and will hold a minority interest in the Company together with Insight Partners. TPG has invested in a number of high-growth cybersecurity businesses and will bring additional expertise to the Company as it continues its rapid pace of growth.

Checkmarx enables organizations to deliver secure software faster by making security excellence intrinsic to software development. The Checkmarx Software Security Platform identifies and remediates vulnerabilities in software during development and leads the industry in facilitating automated security scanning as part of the DevOps process. With the transaction complete, Checkmarx will continue to scale the business, and deliver innovative products and unparalleled service to its global customers.

“Now, more than ever, security must be top-of-mind for us all. We are relentless in our mission to empower organizations to deliver secure software at scale,” said Emmanuel Benzaquen, CEO of Checkmarx. “Our partnership with H&F, TPG, and Insight Partners – three of the world’s top private equity firms – is the best possible validation of our vision, technology, and execution capabilities, all of which are aimed to make software and security inseparable. The team at Checkmarx is looking forward to this next phase of growth and to further advancing our leadership position in the software security market.”

Checkmarx was founded in 2006 and led since by Benzaquen and Maty Siman, Founder and CTO. The Company employs more than 700 employees and is trusted by over 1,400 customers in 70 countries.