H&F to Acquire Cybersecurity Startup Checkmarx According to $1.15 Billion Valuation
The American private equity firm is buying Checkmarx from current owner Insight Partners, which acquired it in 2015 for $100 million
Meir Orbach and Hagar Ravet | 16:27 16.03.2020
American private equity firm Hellman & Friedman LLC (H&F) has agreed to buy Israel-based cybersecurity company Checkmarx Ltd. according to a valuation of $1.15 billion, the latter announced Monday. H&F will buy Checkmarx from its current owner, New York-based venture capital and private equity firm Insight Partners, which will continue to own a substantial minority stake, the company said. Insight Partners bought a large stake in Checkmarx in 2015 for $100 million. Founded in 2006 and based in central Israel, Checkmarx develops cybersecurity technology that automatically scans code to detect security breaches. The company’s founders are Emmanuel Benzaquen and Maty Siman. Checkmarx employs more than 700 people and reports over 1,400 customers in 70 countries. To date, the company has raised $92 million, according to Pitchbook data.