The hi-tech layoff crisis: this company will lay off 10% of its employees

by time news

The Israeli Checkmarks is a unicorn company that was acquired in 2020 by the American investment fund Hellman Friedman, for about 1.2 billion dollars. The American fund bought the cyber company from the Insight fund, which bought most of the company in 2015 for $100 million.

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Checkmarks was founded in 2006 by Mati Siman and Emanuel Ben Zaken and employs about 1,000 people in about 70 countries. The company, which was established in 2006, currently has about 1,700 customers worldwide. The company is active in the market of information security for applications and focuses on automatic scanning of development code, finding security loopholes during the development process, and checking the compatibility of the code with the organization’s security requirements.

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