Private equity firm Hellman & Friedman (H&F) has Checkmarx, a software security solution developer, in a deal worth $1.15bn.
H&F is acquiring Checkmarx from Insight Partners, which will continue to own a “substantial minority interest.”
The private equity firm claims this is the largest acquisition of an application security company, to date. Through the deal, H&F hopes to bolster the cybersecurity company’s growth.
Checkmarx offers secure software solutions which offer static and interactive application security testing, software composition analysis and developer AppSec awareness and training programmes. These helps to remediate risk from software vulnerabilities.
Founded in 2006, the company supports more than 1,400 customers, spanning 70 countries.
Hellman & Friedman partner Tarim Wasim said, “We are thrilled to be joining forces with Emmanuel, Maty, and the entire Checkmarx team.
“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. We look forward to building on Checkmarx’s tremendous success to date and supporting the company’s rapid growth in the years ahead.”
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