Synopsys Expands Software Security With Cigital, Codiscope Acquisitions
Deal is expected to close by December 2016 and will be funded with combination of US cash and debt.
![](https://eu-images.contentstack.com/v3/assets/blt6d90778a997de1cd/bltc94608acf452fd67/655cf371ab171e040a838b2a/329050_DR23_Graphics_Website_V5_Default_Image_v1.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
Software firm Synopsys has signed a deal to acquire software security services Cigital and security tool provider Codiscope, says an announcement on Cigital website. With this acquisition, Synopsys aims to provide a complete software security signoff solution.
The deal details are not being disclosed but the transaction is expected to be complete by December of this year and will be funded with a combination of US cash and debt. The deal will be finalized as per the Hart–Scott–Rodino law and other regulations. The acquirement is likely to be “modestly dilutive to 2017 non-GAAP earnings per share” and on par on a non-GAAP basis by second half of 2018, adds the release.
“Synopsys, Cigital and Codiscope have a shared vision of building security into the software development lifecycle and across the cyber supply chain,” said Andreas Kuehlmann of Synopsys Software Integrity Group, adding “Together we will be able to provide our customers with a state-of-the-art software security platform.”
Read details here.
About the Author
You May Also Like
Catch the Threat Before it Catches you: Proactive Ransomware Defense
September 5, 2024How to Evaluate Hybrid-Cloud Network Policies and Enhance Security
September 18, 2024DORA and PCI DSS 4.0: Scale Your Mainframe Security Strategy Among Evolving Regulations
September 26, 2024Harnessing the Power of Automation to Boost Enterprise Cybersecurity
October 3, 2024
[Virtual Event] The Essential Guide to Cloud Management
October 17, 2024Black Hat Europe - December 9-12 - Learn More
December 10, 2024SecTor - Canada's IT Security Conference Oct 22-24 - Learn More
October 22, 2024