Leading software security company continues strong momentum with 60% YoY revenue growth in 1H 2019; industry luminaries predict Checkmarx will be among next ‘cyber unicorns’
RAMAT GAN, ISRAEL and LAS VEGAS – Black Hat USA 2019 – Booth 1030 – August 6, 2019 – Checkmarx, the global leader in software security solutions for DevOps, today announced that it has been named a winner in Cyber Defense Magazine’s 2019 Black Unicorn Awards, recognizing its significant growth trajectory in software security and future potential as a cybersecurity market leader. Notably, this comes on the heels of the company’s continued strong business momentum, securing 60% year-over-year revenue growth for the first half of 2019.
Checkmarx competed over a five-month period against many of the industry’s leading providers of cybersecurity products and services for this prestigious award. The term “Black Unicorn” signifies a cybersecurity company that has the potential to reach a $1 billion or greater market value as determined by private or public investment.
“We judges felt that Checkmarx deserved to be named a Black Unicorn Awards winner for 2019 because they have the team, technology, drive and hypergrowth curve to potentially become a cybersecurity unicorn,” said judges Robert Herjavec of www.herjavecgroup.com, David DeWalt of www.nightdragon.com and Gary Miliefsky of www.cyberdefensemediagroup.com.
Checkmarx’s recent business highlights and recognition include:
- Named a June 2019 Gartner Peer Insights Customers’ Choice for Application Security Testing, receiving the most five-out-of-five star reviews of any company listed in the market;
- Named a Leader in the 2019 Gartner Magic Quadrant for Application Security Testing for the second consecutive year;
- Launched significant enhancements to its CxOSA solution which detects vulnerabilities in open source code, deepening the company’s stake in the software composition analysis market;
- Grew employee base to more than 580 employees worldwide;
- Featured on the 2019 JMP Securities’ list of “Elite 80,” which ranks the hottest, most-strategically positioned private firms in the cybersecurity, data management and IT infrastructure industries; and
- Recognized as a finalist in the 2019 SC Awards in the categories of “Best Security Company” and “Best Vulnerability Management Solution.”