Checkmarx Announces Strong Momentum in 2017, Fueled by Revenue and Customer Growth

Application security testing leader saw a 70 percent year-over-year sales growth and added 350 new customers

RAMAT GAN, Israel--()--Checkmarx, a global leader in application security testing, today announced that it closed 2017 with more than 70 percent year-over-year sales growth and increased its installed base by over 30 percent to more than 1,500 enterprise customers. The broad adoption of the company’s application security testing portfolio was driven by a number of technological innovations as well as the acquisition of Codebashing, a leading application security education company.

“From being named the fastest growing cybersecurity company in Israel for five years in a row to seeing broad adoption worldwide of our application security portfolio, 2017 was a momentous year in Checkmarx’s history,” said Emmanuel Benzaquen, CEO of Checkmarx. “Checkmarx prides itself on creating a superior customer experience, while also continuing to invest in product innovation that directly addresses the application security challenges that organizations face in increasingly heterogeneous environments. As we look to 2018 and beyond, innovation and customer feedback will continue to be paramount to our market success.”

Key highlights in 2017 include:

Market Momentum

  • 70 percent year-over-year sales growth
  • 350 new enterprise customers, bringing the total to 1,500
  • Served 8 of the top 10 financial organizations globally
  • Deployed in more than 70 countries

Technology & Partnerships

  • Acquired Codebashing, a leading application security education company
  • Launched CxIAST, an interactive application security testing solution specifically designed for DevOps environments
  • Launched AppSec Accelerator, a managed service platform to enable organizations to speed up and outsource the management of their application security programs

Team Growth

  • Hired 125 employees worldwide, ending 2017 with 370 employees
  • Opened new offices in the United States (Atlanta), Singapore and the United Kingdom
  • Expanded operations in China, Australia and Latin America

Industry Recognition

Additional Resources

About Checkmarx

Checkmarx is an application security software company, whose mission is to provide enterprise organizations with application security testing products and services that empower developers to deliver secure software faster. Amongst the company's 1,500+ customers are 5 of the world's top 10 software vendors and many Fortune 500 and government organizations, including SAP, Samsung, and Salesforce.com. For more information about Checkmarx, visit http://www.checkmarx.com or follow us on Twitter: @Checkmarx

Contacts

PAN Communications
Emily Featherston, +1 617-502-4331
checkmarx@pancomm.com

Contacts

PAN Communications
Emily Featherston, +1 617-502-4331
checkmarx@pancomm.com