Checkmarx, an Israeli software security company, is in negotiations for its sale to Insight Venture Partners, an American investment and private equity firm, at an anticipated valuation of about $100 million.
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Since its founding in 2006, less than $9 million has been invested in Checkmarx. The company’s last funding round, in 2011, generated an investment from Ofer Hi-Tech, the venture capital fund of the Ofer family and Udi Angel, and from cloud computing company SalesForce.com, a Checkmarx customer and strategic partner. Ofer Hi-Tech, which declined comment for this report, owned the incubator where Checkmarx was developed.
As of 2013, Checkmarx had 60 employees, most of them in Tel Aviv offices. The company developed technology to analyze code for potential security breaches. In 2007 Moshe Ya’alon, who has been the defense minister since 2013, joined an advisory committee for Checkmarx.