Hellman & Friedman, a private equity and venture capital firm that invests in high growth technology organizations, has entered into a definitive agreement to acquire cybersecurity firm Checkmarx, from private equity firm Insight Partners, at a valuation of US$1.15 billion. Checkmarx stated that the new acquisition will further boost its growth and expand its business reach.
Headquartered in Israel, Checkmarx provides Application Security Testing solutions for modern enterprises. It helps enterprises deliver secure software solutions by making security quality essential to software development.
Speaking on the new acquisition, Emmanuel Benzaquen, CEO of Checkmarx, said, “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.”
“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,” said Hellman & Friedman Partner, Tarim Wasim.