Checkmarx

Cloud-Native AppSec Platform

Cyber Security
Acquired by Hellman & Friedman on Mar, 2020

Company Overview

Snapshot

Founded in April 2006 by Maty Siman, Checkmarx operates with over 900 employees. The company has raised $98.5 million across 3 funding rounds from 4 investors, with Insight Partners as a lead investor. Checkmarx was acquired by Hellman & Friedman in March 2020.

Business overview

Checkmarx provides application security solutions, specializing in static application security testing (SAST) to analyze source code throughout the software development lifecycle. This approach enables early detection of vulnerabilities, reducing risk and cost. The company aims to balance security and development needs, ensuring application security in enterprise and cloud platform models. Checkmarx operates in the Cyber Security sector, focusing on Application & Website Security, and serves enterprises and software development teams.

Strategic signal

In September 2024, Checkmarx was reported to be on the market with a $2.5 billion price tag. This indicates significant market interest and a potential for a major liquidity event, signaling strong valuation and continued growth prospects for the company in the cybersecurity landscape.

Company Intelligence Q&A

What was a significant recent product update from Checkmarx?
In October 2023, Checkmarx released Version 3.0 of its AI-powered Checkmarx One Enterprise AppSec Platform, enhancing its capabilities for enterprise application security.
What strategic partnership did Checkmarx announce in October 2023?
In October 2023, Checkmarx announced a new Technology Partner Program designed to create a more extensible code-to-cloud enterprise AppSec ecosystem.
What recognition did Checkmarx receive in September 2023?
In September 2023, Checkmarx was named a leader in Static Application Security Testing (SAST) by an independent research firm, highlighting its strong position in the market.
What was a key operational change for Checkmarx in November 2022?
In November 2022, Checkmarx optimized its workforce by cutting 10% of its employees, as reported by CTech.
What leadership change occurred at Checkmarx in February 2023?
In February 2023, Checkmarx appointed Sandeep Johri as CEO, with co-founder and former CEO Emmanuel Benzaquen continuing to serve on the board of directors.

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