In this role, Mr. Arvatz will report to Checkmarx CEO Emmanuel Benzaquen, and will have global responsibility for leading the company's financial operations, as well as legal and other various operational departments. Along with these responsibilities, Mr. Arvatz will provide leadership to the broader organisation to help Checkmarx accelerate its rapid growth. 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 monetisation 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.

Checkmarx was recently recognised as Israel's fastest growing cyber security company in Deloitte's Fast 50 2016 awards programme in part due to sustained revenue growth. The company believes that Mr. Arvatz’s skills and leadership will be key to driving that same revenue growth. Checkmarx CEO Mr. Emmanuel Benzaquen noted, “We are proud of all the success Checkmarx has experienced in 2016 and we are positioned for even greater success in the coming year and beyond with Mr. Arvatz as our CFO.”

"There’s a clear need for secure applications and a means with which to empower developers,” said Mr. Arvatz. "Checkmarx’s growth rates prove that they have the knowledge, solutions and agility to lead the growing application security market. I was attracted to Checkmarx for multiple reasons – its strong management team, its large install base of more than 1,000 large customers and its impressive shareholders. I look forward to being a part of the company's management team and taking Checkmarx to the next level.”

Shmuel Arvatz will assume his role as CFO effective immediately.