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4-Traders Homepage  >  Equities  >  Nasdaq  >  Synopsys, Inc.    SNPS

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Synopsys : Completes Acquisitions of Cigital and Codiscope

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12/08/2016 | 06:41pm CET

By a News Reporter-Staff News Editor at Computer Weekly News -- - Synopsys, Inc. (Nasdaq: SNPS) has completed its acquisitions of Cigital, a privately held provider of software security managed and professional services, and Codiscope, a 2015 spinoff of Cigital and provider of complementary security tools. 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 products for a broad population of developers.

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. As the cyber security landscape becomes increasingly complex, many organizations are struggling to determine the right solution in the context of a multitude of point tool offerings and varying vendor strategies, as well as their own IT challenges and priorities. The acquisition of Cigital and Codiscope adds complementary products, services, and a highly skilled workforce to the Synopsys portfolio, enabling Synopsys to offer a comprehensive software security signoff solution.

The terms of the deal are not being disclosed.

Keywords for this news article include: Software, Business News.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC

(c) 2016 NewsRx LLC, source Technology Newsletters

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Financials ($)
Sales 2017 2 585 M
EBIT 2017 607 M
Net income 2017 335 M
Finance 2017 1 130 M
Yield 2017 -
P/E ratio 2017 28,67
P/E ratio 2018 24,11
EV / Sales 2017 3,03x
EV / Sales 2018 2,71x
Capitalization 8 976 M
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Average target price 66,2 $
Spread / Average Target 12%
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Chi-Foon Chan President, Co-Chief Executive Officer & Director
Aart J. de Geus Chairman & Co-Chief Executive Officer
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