SKW Schwarz advises Crashtest Security on sale to Veracode

SKW Schwarz has advised Munich-based IT security company Crashtest Security GmbH on the sale of its key assets to Veracode Inc, USA. The transaction took place as a strategic exit in the form of an asset deal. The Company’s team around Felix Brombacher and René Milzarek will work for Veracode Group and drive their expansion in the European market.

Veracode is a leading global provider of Application Security Testing (AST) solutions based in Burlington, Massachusetts. Crashtest Security's dynamic application security testing (DAST) solution is designed to complement the existing DAST capabilities of Veracode's Continuous Software Security Platform and expand customer access worldwide.

Crashtest Security, based in Munich, Germany, was founded in 2017. The solution can analyze JavaScript-based apps, REST (Representational State Transfer) APIs and traditional web apps, and automate security testing through integration into the software development pipeline.

SKW Schwarz has accompanied Crashtest Security GmbH in various financing rounds since its foundation.

Advisors Crashtest Security GmbH:

SKW Schwarz: Dr. Martin Böttger, Dr. Thomas Hausbeck (both Corporate/M&A, both Lead), Heiko Wunderlich (Tax Law), Dr. Martin Greßlin (Employment Law), Dr. Daniel Meßmer (IT), Dr. Stefan Peintinger (Counsel, IT/Data Protection)