The application
security testing firm Checkmarx was acquired in a $1.15 billion deal by the
private equity firm Hellman & Friedman.

The company
had been owned by Insight Partners, also a private equity firm, which plans to
retain a substantial interest in Checkmarx. The company believes the deal will
help keep it on a growth path.

Checkmarx
was founded in 2006 Benzaquen and Maty Siman, Founder and CTO, and has more than
700 employees.