Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

Synopsys to Acquire White Hat Security in $330M All-Cash Deal

Electronic design automation powerhouse Synopsys is expanding its reach into the cybersecurity business with plans to shell out $330 million to acquire White Hat security.

Electronic design automation powerhouse Synopsys is expanding its reach into the cybersecurity business with plans to shell out $330 million to acquire White Hat security.

Synopsys, based in Mountain View, Calif., said the all-cash deal will provide an entrance to the DAST (dynamic application security market) and add to a growing portfolio of cybersecurity subsidiaries.

Synopsys already owns Coverity (acquired for $375 million), Black Duck Software ($550 million acquisition) and Cigital and has used the acquisition route to build out a stack of products to capture enterprise cybersecurity budgets.

WhiteHat Security, founded by Jeremiah Grossman in the early days of the webapp pen-testing market, was acquired by Tokyo-based Nippon Telegraph and Telephone Corporation in 2019 and rebranded as NTT Security before Synopsys came calling with a $330 million all-cash price tag.

According to Jason Schmitt, general manager of the Software Integrity Group at Synopsys, the WhiteHat Security deal merges two companies that are “strategically aligned, with a shared vision for delivering SaaS-based security testing services and building security into the software development life cycle.”

He said the WhiteHat Security technology provides the ability for Synopsys to sell a full security solutions stack into the enterprise market, including tools for static code analysis (SAST), dynamic analysis (DAST), software composition analysis (SCA) and interactive application security testing (IAST).

Synopsys expects the planned acquisition to close in the third fiscal quarter.

Advertisement. Scroll to continue reading.

Related: Synopsys to Acquire Code Testing Firm Cigital

Related: NTT Acquires WhiteHat Security

Related: Synopsys to Acquire Coverity for $375 Million

Related: Synopsys Spends $550 Million for Black Duck Software

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...