Greenwich, Conn – June 29, 2015 –Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced it acted as the exclusive financial advisor to Israel-based Checkmarx, a global leader in software application security, in its financing led by Insight Venture Partners, a New York-based venture capital and private equity firm. This transaction highlights Mooreland Partners’ position among the most active advisors to the Infrastructure Software segment.
“This financing highlights Mooreland’s global ability to match fast growing companies with leading growth investors, regardless of geographies. Application security testing is one of the fastest growing segments in the software industry and as one of the world’s most successful investors in the security segment, Insight is an ideal partner for the business,” said Brad Topchik, Managing Director of Mooreland Partners.
Founded in 2006, Checkmarx provides comprehensive solutions for application security testing and application layer attack prevention. Its flagship product is its automated static code analysis – scanning for security deficiencies in source code early in the software development lifecycle where it is most cost effective to apply fixes. Headquartered in Israel with major offices in the US and around the world, Checkmarx has grown employee headcount to over 150 in the last 12 months and is experiencing revenue growth greater than 100 percent in 2015. The company has an industry-leading customer retention rate and currently serves over 700 customers worldwide including Salesforce.com, SAP and the U.S. Army.
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $10 billion and invested in more than 200 companies worldwide. Their mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success.