According to a recent announcement, Synopsys has completed its long-expected acquisition of Black Duck Software (News - Alert), a privately held automated solutions developer for securing and managing open source software.
Software development is undergoing sweeping and rapid change, including the increasing use of open source software (OSS), which makes up at least 60 percent of the code in today's applications. While the use of open source code lowers development costs and speeds time to market, it has been accompanied by significant security and license-compliance challenges, because most organizations lack visibility into the OSS in use. Black Duck's products are designed to automate the process of identifying and inventorying the open source code, detecting known security vulnerabilities and license compliance issues. It also provides automated alerts for any newly discovered vulnerability affecting the open source code.
The value of the cash transaction was at about $547 million net of cash acquired.
Synopsys (News - Alert) offers a comprehensive solution for building security and quality into the software development lifecycle and supply chain. The Software Integrity Platform unites testing technologies, automated analysis, and experts to create a portfolio of products and services that can help companies develop personalized programs for detecting and remediating defects and vulnerabilities