Deal is expected to close by December 2016 and will be funded with combination of US cash and debt.
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.
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