Subjects: Product/Service, Survey
Checkmarx One Total Economic Impact Study Finds Return on Investment of 177% in Fewer Than Six Months and Gain of $7.13M in Benefits Over Three Years
Checkmarx, the leader in cloud-native application security, today released a commissioned study conducted by Forrester Consulting on The Total Economic Impacttmof Checkmarx: Cost Savings and Business Benefits Enabled by the Checkmarx One Platform, March 2024. The analysis was based on Forrester interviews with eight Checkmarx customers in the financial, healthcare, manufacturing, professional services and technology industries with annual revenues of $50 million to $180 billion.
Digital transformation is shifting business from offline processes to online applications, with intense pressure on developers to create, update and release applications faster than ever before ? and on application security (AppSec) teams to manage the risk of that transformation. The Checkmarx One cloud-native application security platform consolidates AppSec tools and streamlines the developer experience, prioritizing and providing essential context on vulnerabilities across an organization's entire application footprint.
The Forrester TEI study examines the potential return on investment (ROI) and business benefits organizations may realize by deploying Checkmarx One within software development operations and workflows. The representative interviews and financial analysis found that a composite organization experienced benefits of $7.13M over three years versus costs of $2.57M, adding up to a net present value of $4.55M and ROI of 177%.
Other quantified benefits for the enterprise include:
- 35% reduction in the likelihood of a breach
- 40-50% improvement in developer productivity for security tasks
- 30-40% improvement in security analyst efficiency
- 50% less time to scan and review code
- 30-40% reduction in vulnerability review time
- 167 hours saved annually from streamlined reporting
"Reduction of security risk is the top priority for enterprise CISOs, with application security becoming an increasingly critical part of the equation," said Checkmarx CMO Amit Daniel. "With millions of lines of code driving every business today, having a means to consolidate and improve the maturity of AppSec operations is becoming a significant differentiator in a competitive economic climate."
About Checkmarx One
Checkmarx One delivers a full suite of enterprise AppSec solutions in a unified, cloud-native platform. It quickly delivers accurate, cross-tool results and augments them with remediation guidance plus just-in-time training. Checkmarx One consolidates enterprise AppSec toolsets to reduce total cost of ownership, simplify vendor management and provide teams with a single log-in and single pane of glass for all AppSec solutions.
Checkmarx One also integrates and correlates data from separate solutions to help identify which vulnerabilities are exploitable. This makes it easier to analyze and triage vulnerabilities across an organization's entire application footprint. The solution was chosen after examining its suitability for the Israeli market and is thus today one of the few solutions available in the category on the AWS Marketplace.
One study participant, an application security engineer in the manufacturing industry, said, "Checkmarx is reducing our mean time to remediate, which is a key KPI for application security. It's helping developers understand risk better and empowering them to have the knowledge to fix vulnerabilities and do it right the first time around, instead of having to go back in [and fix them] after the fact. It's obviously the right decision to get developers using Checkmarx and start driving change in reducing risk."
For more information on The Total Economic Impacttm of Checkmarx: Cost Savings and Business Benefits Enabled by the Checkmarx One Platform, download the complete study. For more information about Checkmarx One, please visit this page.
About Checkmarx
Checkmarx is the leader in application security and ensures that enterprises worldwide can secure their application development from code to cloud. The company's consolidated Checkmarx One platform and services address the needs of enterprises by improving security and reducing TCO, while simultaneously building trust between AppSec, developers, and CISOs. Checkmarx believes it's not just about finding risk but remediating it across the entire application footprint and software supply chain with one seamless process for all relevant stakeholders. The company is honored to serve more than 1,800 customers, which includes 40 percent of all Fortune 100 companies.
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