Hellman & Friedman to Acquire Checkmarx at a $1.15B Valuation
Mr. Benzaquen is a French-born entrepreneur with a dual-career spanning the Silicon Valley and Israel over the past 25 years.
Helming Checkmarx since its inception in 2006, he has led the company from vision to reality in pioneering and bringing application security solutions to the masses, and becoming a globally-recognized cybersecurity powerhouse.
Prior to Checkmarx, Mr. Benzaquen held numerous leadership positions in the semiconductor, enterprise software, and IT fields for organizations including Argonaut RISC Core (ARC), which completed its IPO in 2000 (LSE: ARK) and was later acquired by Virage Logic (now Synopsys, NASDAQ: SNPS), Embedded Performance Inc., which was acquired by Mentor Graphics (NASDAQ: MENT), and Illuminator, which was acquired by EMC (now Dell EMC, NYSE: DELL).
Mr. Benzaquen earned both his Master of Business Administration and Master of Science degrees in International Business and Electrical Engineering, respectively.
Mr. Siman is a technology expert. He has been active in the IT industry for the past 12 years and has experience in software development, IT security and source-code analysis. Prior to founding Checkmarx, Mr. Siman worked for two years at the Israeli Prime Minister’s Office as a senior IT security expert and project manager. Prior to that he spent six years with the Israel Defense Forces (IDF), where he was elected for the STAR excellence program and taught several consecutive sessions of their prestigious application development course (Mamram). He established and led a development team in the Information Security Center (InfoSec) and completed military academy as an IT Security R & D Officer. He regularly speaks at IT security conferences and holds the highly regarded CISSP certification since 2003.
Mr. Roichman is one of the original developers responsible for the architecture, design and implementation of the Checkmarx’s CxSuite. Alex has over 10 years of experience in development of comprehensive enterprise IT solutions and holds a Master’s degree (Magna Cum Laude) in Computer Science with a specialization in application and database security. Mr. Roichman has the most valuable Microsoft certifications: Microsoft Certified Solution Developer (MCSD), Microsoft Certified Application Developer (MCAD) and Microsoft Certified Database Administrator (MCDBA). Alex has authored a number of articles in the field of application security and has been published in ACM, Springerlink as well as many other leading journals.
Mr. Arvatz brings over 25 years of finance experience to Checkmarx. Throughout his career, he has served as CFO of multiple large software companies, where he managed global finance and accounting operations and led initial and secondary public offerings, mergers and acquisitions and sales transactions. Before joining Checkmarx, Mr. Arvatz was the CFO of Allot Communications, a leading provider of security and monetization solutions. Additionally, Mr. Arvatz gained extensive experience as the CFO of ClickSoftware, a leading provider of field service and workforce management software. He also served as CFO and executive vice president of Tecnomatix Technologies Ltd., a leading provider of software e-manufacturing solutions.
Mr. Dar brings over 17 years of experience in Product Strategy, Product Management, R&D, Project Delivery and Customer Service in various software industries. Before joining Checkmarx, Assaf was the CTO and then the CPO of Perion’s (NASDAQ: PERI) publishers monetization division and prior to that he held executive and management positions in Conduit (Acquired by Perion), CA Technologies (NASDAQ: CA), Oblicore (Acquired by CA Technologies) and Enigma (Acquired by PTC). Assaf holds a B.Sc. in Computer Science and Statistics & Operations Research from Tel Aviv University in Israel.
Mr. Lerner served over 20 years as an executive and professional in various positions in the software industry spanned over international locations, including USA and Europe. Moshe gained vast experience developing products and projects for Fortune 500 customers like International Paper, UBS and Siemens in cooperation with large solution providers like IBM and Accenture. Moshe served as executive in Delivery, Product Management and Business Development roles working for companies like Sapiens (Nasdaq:SPNS) as VP Delivery for America and at ItemField (acquired by Informatica) as VP Product Management and Business Development EMEA. Moshe holds B.S.C in Information systems from the Technion in Israel graduating cum Ladue.
Mr. Bhonker is an international executive with over 20 years’ experience in software sales and marketing. Before joining Checkmarx Rafi was Vice President of Business Development at Nice (NASDAQ: NICE) and prior to that held executive positions at Orsus Solutions, Babylon and NetManage. Rafi was also a co-founder of UCMore, an internet startup company, and a founding member at Mercury Interactive (acquired by HP). Rafi established the Mercury Interactive operations in Santa Clara, California. As part of Mercury’s management team he was instrumental in the introduction and sales of automated software testing tools to the North American market. Mr. Bhonker holds a bachelor’s degree in Computer Science from the Technion – Israel Institute of Technology.
Ms. Krainer brings over 20 years of global human resources experience to her role at Checkmarx. She specializes in leadership development, cultural transformation, talent management, team building, and acquisition management, previously helping multiple organizations navigate post-merger integration and IPO. Throughout her career, Ms. Krainer has predominantly worked in the technology industry, most recently serving as Global Vice President of HR at Amdocs, a leading provider of software and services to communications and media companies, for nearly seven years. Ms. Krainer earned her Master’s Degree in Labor Studies from Tel Aviv University.
Mr. Tzruya is responsible for leading global sales engineering, pre- and-post sales execution, professional services, and technical support at Checkmarx. Possessing over 24 years of technology experience, he specializes in executive management, deployment and adoption, and project management, as well as the oversight of customer success and support, sales engineering, employee training, quality assurance, and more. Mr. Tzruya has worked across numerous organizations in the security and mobile industries, most recently serving as Chief Operating Officer at M-Wise, Inc. for nearly nine years, where he spearheaded sales and business development. Mr. Tzruya earned his Master’s Degree in Information Technology and Marketing and his Bachelor of Science Degree in Industrial Engineering from Tel Aviv University.
Mr. Livni brings over 20 years of experience in technology, product marketing, product management and product strategy. Previously served as VP of Products at Correlsense, an Enterprise IT Management company, and as a Product Manager at Cyberark (Nasdaq: CYBR) where he also held additional roles including a research engineer and development group manager. Prior to Cyberark, Mr. Livni spent over six years with the Israel Defense Forces (IDF), where he graduated the prestigious software engineering training course (cum laude) and served in several development and technology management roles. Mr. Livni holds an MBA from Tel-Aviv University (cum laude) and a BA degree in Computer Science and Economy from Bar-Ilan university.
Mr. Kormanek is an industry veteran, possessing over 20 years of technology sales and management expertise. In his role at Checkmarx, he oversees all customer-facing sales functions, including solutions and associated security services, while also working to set the company’s strategic direction with emerging vertical industries. Prior to joining Checkmarx, Mr. Kormanek served as VP of Sales for HP’s Enterprise Security division, where he managed a portfolio of products that included Arcsight, Fortify, and TippingPoint. Mr. Kormanek holds a Bachelor of Arts degree from the State University of New York, Albany.