Security Experts:

Synopsys Completes $550 Million Acquisition of Black Duck Software

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.

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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.