Checkmarx Posts Record Growth in 2013 as Demand for Integrated SDLC Security Testing Booms

TEL AVIV, Israel, January 9, 2014 /PRNewswire/ --

Checkmarx was recently named the 2^nd fastest growing security company in the 2013 Deloitte EMEA Tech Fast 500, posting over 2200% revenue growth in the last 5 years and providing yet another testimony of the company's success. Four of the world's 10 largest software companies and three of the world's four largest IT consulting firms are now protected by Checkmarx.

As published by IDC in their Worldwide Security and Vulnerability Management 2013 - 2017 Forecast, more and more IT companies understand the need to protect their software assets as evidenced by the 14% annual growth in demand that IDC expects for application vulnerability detection solutions.

"Application Security simply cannot be ignored," explains Checkmarx's CEO Emmanuel Benzaquen. "We are seeing a growing number of large scale breaches that start at the application layer. As a result, organizations are looking to introduce application security testing as an integral part of their Software Development Lifecycle (SDLC) and identify those vulnerabilities as early as possible."  

Checkmarx's successful 2013 was punctuated by an equity funding round of $8 million. That vote-of-confidence will enable Checkmarx to sustain its exponential growth and meet the growing demand for application security testing solutions. The new funding will allow the company to venture into new countries and markets in parallel to expanding current US operations.

The Israeli-based company has penned deals with major Fortune 500 customers from the banking, software and retail industries. Checkmarx is gaining further momentum from application marketplaces looking to enforce a security threshold for developer submissions following Checkmarx's huge success as the security gatekeeper for the Salesforce.com platform, with over a billion LoC scanned to date.

Israel's leading technology publication, TheMarker.com, recently placed Checkmarx as one of the top 10 Israeli startups to watch out for in 2014.

About Checkmarx:

Checkmarx's (http://www.checkmarx.com) vision is to commoditize Static Application Security Testing (SAST) throughout the Software Development Lifecycle (SDLC). With complete integration into IDEs, source repositories, build servers & bug tracking tools, Checkmarx enables security professionals to automate the process.

Checkmarx scans for hundreds of security vulnerabilities listed by OWASP Top 10, SANS25 as well as standards including PCI-DSS and HIPAA. Checkmarx was recognized by Gartner as sole visionary in their latest SAST magic quadrant and as Cool vendor in application security. Customers include hundreds of Fortune 500, government and SMBs organizations.

Contact
Asaph Schulman
[email protected]
+1-917-470-9501