Source: National Cyber Security – Produced By Gregory Evans
raeli cyber-security start-up Checkmarx announced Thursday that it had received an $84 million investment from New York-based venture capital and private equity firm Insight Venture Partners. The new round of capital will be primarily used to further accelerate growth through product innovation and global expansion. Details of the deal were not disclosed. Reports in the Israeli media earlier in the week depicted the investment as a “buyout” of Checkmarx, with Insight, a venture capital firm worth $10 billion, acquiring as much as three quarters of the company. The company did not comment on its equity arrangements with the new investor. Checkmarx is a good investment regardless of who is running the company. Revenue is up 100% so far in 2015 over last year, and the company currently serves over 700 customers worldwide including Salesforce.com, the US Army, Samsung, Deutche Telekom, Deloitte, PwC, Atlassian, LivePerson, and Playtech — all of which use the company’s technology to check their in-house software. Checkmarx tries to deal with a major problem in the information technology world. Many studies indicate that programmers and tech staff just don’t “get” the importance of security. One study by IT computer security consultancy and training firm 7Safe, for example, […]
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