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.