Market Overview

Checkmarx Closes 1H 2018 with Record Customer and Revenue Growth

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Leader in Application Security Testing Continues to Redefine
Security's Role in the Software Development Lifecycle

Checkmarx,
the Software Exposure Platform for the enterprise, today announced that
it closed 1H 2018 with record growth, including a 68% increase in
year-over-year revenue. Checkmarx's performance parallels the
application security market, which accounted
for $2.6 billion in 2017
, and is expected to sustain double-digit
growth from 2017 to 2022.

Checkmarx's differentiated Software Exposure platform includes
Codebashing (Secure Coding Education), CxSAST (Static Application
Security Testing), CxOSA (Open Source Analysis), and CxIAST (Interactive
Application Security Testing), all of which contribute to empowering
organizations to deliver secure software faster.

1H Business Highlights Include:

  • Achieved a 68% increase in year-over-year revenue
  • Grew employee base to more than 400
  • Made impactful
    hires
    in executive leadership, including appointing Bernd Leger as
    CMO
  • Named a Leader in Gartner's
    2018 Magic Quadrant for Application Security Testing
  • Completed a SOC2 Type 2 audit, certified by EY, expanding on its
    third-party certifications that also includes ISO 27001:2013
  • Launched its new Checkmarx Certified Engineer program for partners and
    customers
  • Received numerous industry accolades, including being ranked number 37
    on the annual Cybersecurity 500 and JMP Securities Super 70, while
    also winning an InfoSec Award and Devies Award

Checkmarx's research team also contributed to the company's success over
the past few months, discovering
a flaw in Amazon's Alexa that enables the digital assistant to listen in
on its users indefinitely, and identifying a
vulnerability in Tinder
that put users' privacy at risk.

"We've had an exciting year so far with increased adoption of our
application security testing portfolio, and as we enter the second half
of the year, we're looking forward to continuing to prioritize the needs
of our customers to deliver secure software faster," said Emmanuel
Benzaquen, CEO of Checkmarx. "More than 30% of attacks target the
application layer, but Checkmarx's approach to application security not
only minimizes software risk by ensuring the code written for an
application does what it was built to do, it delivers security at the
speed of DevOps and the business."

To learn more about the Checkmarx platform, or to request a demo, visit
the Checkmarx website.
The company will also be at Black Hat USA 2018 at booth #1202. Learn
more about its presence at the conference here.

About Checkmarx
Checkmarx is the Software Exposure Platform
for the enterprise. Over 1,400 organizations around the globe rely on
Checkmarx to measure and manage software risk at the speed of DevOps.
Checkmarx serves five of the world's top 10 software vendors, four of
the top American banks, and many government organizations and Fortune
500 enterprises, including SAP, Samsung, and Salesforce.com. Learn more
at Checkmarx.com.

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