In $1.15 Billion Deal, Hellman & Friedman Acquires DevOps Firm Checkmarx
The purchase, which created a partnership with three of the world’s top private equity firms, marks the largest-ever acquisition of an application security company
IsraelDefense
| 17/04/2020
Photo: Checkmarx
Checkmarx, the global leader in software security solutions for DevOps, announced on April 16 that private equity firm Hellman & Friedman (H&F) completed the acquisition of Checkmarx from venture capital and private equity firm Insight Partners in an all-cash transaction valued at $1.15 billion.
Alternative asset firm 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.
The deal represents the largest acquisition of an application security company to date.
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 has over 1,400 customers in 70 countries.
The purchase, which created a partnership with three of the world’s top private equity firms, marks the largest-ever acquisition of an application security company
Photo: Checkmarx
Checkmarx, the global leader in software security solutions for DevOps, announced on April 16 that private equity firm Hellman & Friedman (H&F) completed the acquisition of Checkmarx from venture capital and private equity firm Insight Partners in an all-cash transaction valued at $1.15 billion.
Alternative asset firm 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.
The deal represents the largest acquisition of an application security company to date.
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 has over 1,400 customers in 70 countries.
