Synopsys, a company that provides tools and services for designing chips and electronic systems, has completed its acquisition of Black Duck Software, a privately held company that offers solutions for securing and managing open source software.
The value of the cash transaction was approximately $547 million net of cash acquired, Synopsys said.
Black Duck’s products help development and security teams automate the process of identifying and inventorying open source code, and help detect known security vulnerabilities. It also provides automated alerts for any newly discovered vulnerabilities affecting the open source code and assists with software license compliance.
In 2014, Synopsys acquired software testing firm Coverity for roughly $350 million. In November 2016, Synopsys announced its plans to acquire software security testing firm Cigital for an undisclosed sum.
For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.
More from Mike Lennon
- Watch Now: Threat Detection and Incident Response Virtual Summit
- Registration Now Open: 2023 ICS Cybersecurity Conference | Atlanta
- NetRise Adds $8 Million in Funding to Grow XIoT Security Platform
- Virtual Event Today: Zero Trust Strategies Summit
- Virtual Event Tomorrow: Zero Trust Strategies Summit
- Watch: How to Build Resilience Against Emerging Cyber Threats
- Video: How to Build Resilience Against Emerging Cyber Threats
- Webinar Today: Understanding Hidden Third-Party Identity Access Risks
Latest News
- OpenAI Unveils Million-Dollar Cybersecurity Grant Program
- Galvanick Banks $10 Million for Industrial XDR Technology
- Information of 2.5M People Stolen in Ransomware Attack at Massachusetts Health Insurer
- US, South Korea Detail North Korea’s Social Engineering Techniques
- High-Severity Vulnerabilities Patched in Splunk Enterprise
- Idaho Hospitals Working to Resume Full Operations After Cyberattack
- Enzo Biochem Ransomware Attack Exposes Information of 2.5M Individuals
- Apple Denies Helping US Government Hack Russian iPhones
