Synopsys Inc. to acquire Dulles-based Cigital
California-based Synopsys Inc. plans to acquire Dulles-based Cigital and Boston-based Codiscope, a company spun off by Cigital last year.
The terms of the deal are not being disclosed.
Synopsys is the world's 15th largest software company. It is a major player in electronic design automation and semiconductor IP and is also developing its role in software quality and security solutions.
Cigital is a large, global application security firm specializing in professional and managed services for identifying, remediating and preventing vulnerabilities in software applications.
Codiscope has transformed the tools and intellectual property created by Cigital into a suite of accessible and streamlined tools for a broad population of developers.
Synopsys, based in Mountain View, Calif., said the security of software code throughout the software supply chain is a critical concern for companies across a broad range of industries, from financial services and medical devices to industrial controls and automotive.
The company said the acquisition of Cigital and Codiscope will add complementary products, services and a highly skilled workforce to Synopsys' portfolio.
The transaction, which will be funded with a combination of U.S. cash and debt, is subject to Hart Scott Rodino regulatory review and other customary closing conditions.
Synopsys expects the deal to close by December.