MOUNTAIN VIEW, Calif.,
June 8, 2021 /PRNewswire/
-- Synopsys, Inc. (NASDAQ: SNPS) today announced
that it has acquired Code Dx, a provider of an award-winning
application security risk management solution that automates and
accelerates the discovery, prioritization, and remediation of
software vulnerabilities. The addition of Code Dx enables
Synopsys to offer customers consolidated risk reporting and
prioritization across correlated software vulnerability data
produced by Synopsys solutions and more than 75 third-party and
open source application security and development products.
Headquartered in Northport, New
York, the acquisition also adds a team of R&D engineers
experienced in vulnerability correlation and integrating security
testing activity across the entire software development
pipeline.
The terms of the deal, which are not material to Synopsys'
financials, are not being disclosed.
Prior to the acquisition, Code Dx was a valued member of the
Synopsys Technology Alliance Partner (TAP) program. As part of that
partnership, Synopsys has worked closely with Code Dx to support
their integrations within the Synopsys product portfolio. As a
result, customers can use Code Dx's offering in conjunction with
Synopsys products immediately.
Synopsys provides the broadest portfolio of application security
solutions in the industry, including static, dynamic, and
interactive application security testing and software composition
analysis. The recently introduced Synopsys Intelligent
Orchestration solution uses innovative technology to automatically
determine and initiate the most appropriate security tests using
Synopsys and third-party products based on pre-defined risk
policies and changes made to an application. Code Dx complements
and extends these solutions by aggregating and correlating security
testing results from Synopsys products, third-party products, and
open-source products across the pipeline to provide consolidated
risk reporting and facilitate prioritized remediation efforts.
"The complexity and speed of modern software development
requires the use of multiple security testing technologies and
rapid testing cycles," said Jason
Schmitt, general manager of the Synopsys Software Integrity
Group. "While robust security testing is vital to securing modern
software, it often produces large amounts of vulnerability data
that is difficult to manage at speed and at scale. Code Dx enables
our customers to optimize and harness the breadth of our
application security portfolio, along with third-party tools, by
aggregating, correlating, and prioritizing security testing results
based on risk."
The addition of Code Dx makes Synopsys the first vendor to
provide the full spectrum of application security tools and
services, including:
- A complete suite of industry-leading security testing
tools
- An intelligent orchestration engine that automatically
determines and initiates the appropriate tests for each step in the
DevOps workflow
- An aggregation, correlation, and prioritization solution for
the vulnerabilities identified during testing
- Consolidated application security risk reporting across any
commercial and open-source application security solutions
- Consulting and managed services to align people, process, and
technology and address application security risks holistically
The extensibility of Synopsys Intelligent Orchestration and Code
Dx enables organizations to build more efficient and effective
testing programs while leveraging their current investments in
application security testing tools.
About the Synopsys Software Integrity Group
Synopsys Software Integrity Group helps development teams build
secure, high-quality software, minimizing risks while maximizing
speed and productivity. Synopsys, a recognized leader in
application security, provides static analysis, software
composition analysis, and dynamic analysis solutions that enable
teams to quickly find and fix vulnerabilities and defects in
proprietary code, open source components, and application behavior.
With a combination of industry-leading tools, services, and
expertise, only Synopsys helps organizations optimize security and
quality in DevSecOps and throughout the software development life
cycle. Learn more at
https://www.synopsys.com/software-integrity.
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™
partner for innovative companies developing the electronic products
and software applications we rely on every day. As an S&P 500
company, Synopsys has a long history of being a global leader in
electronic design automation (EDA) and semiconductor IP and offers
the industry's broadest portfolio of application security testing
tools and services. Whether you're a system-on-chip (SoC) designer
creating advanced semiconductors, or a software developer writing
more secure, high-quality code, Synopsys has the solutions needed
to deliver innovative products. Learn more at
https://www.synopsys.com
Forward-Looking Statements
This press release contains forward-looking statements,
including, but not limited to, statements relating to the expected
benefits of the transaction. Forward-looking statements are
subject to both known and unknown risks and uncertainties that may
cause actual results to differ materially from those expressed or
implied in the forward-looking statements. These risks and
uncertainties include, among others, Synopsys' ability to operate
or integrate Code Dx's assets and employees with its own
successfully, which may include a potential loss of customers, key
employees, partners or vendors, and uncertain customer demand for
Code Dx's products and solutions. Other risks and uncertainties
that may apply are set forth in the Risk Factors section of
Synopsys' most recently filed Quarterly Report on Form 10-Q.
Synopsys assumes no obligation to update any forward-looking
statement contained in this press release.
Editorial Contact:
Simone
Souza
Synopsys, Inc.
650-584-6454
simone@synopsys.com
Investor Contact:
Lisa
Ewbank
Synopsys, Inc.
650-584-1901
synopsys-ir@synopsys.com
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SOURCE Synopsys, Inc.