SKW Schwarz advises Crashtest Security on sale to Veracode
Munich — SKW Schwarz has advised the Munich-based IT security company Crashtest Security GmbH on the sale of its material assets to Veracode Inc, USA. The transaction was carried out as a strategic exit in the form of an asset deal. The management team led by Felix Brombacher and René Milzarek will work for the Veracode Group in the future and drive 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.
SKW Schwarz has accompanied Crashtest Security GmbH in the various financing rounds since its foundation.
Advisors Crashtest Security GmbH: SKW Schwarz, Munich
Dr. Martin Böttger (photo), Dr. Thomas Hausbeck (both Corporate/M&A, both lead), Heiko Wunderlich (Tax Law), Dr. Martin Greßlin (Labor Law), Dr. Daniel Meßmer (IT), Dr. Stefan Peintinger (Counsel, IT/Data Protection)
About SKW Schwarz
SKW Schwarz is an independent full-service law firm. With more than 120 lawyers at four locations in Germany, the firm advises in all relevant areas of business law. At the end of 2018, the firm founded SKW Schwarz @ Tech GmbH, in which the lawyers bundle all activities in the area of legal tech across locations and disciplines.