SYNOPSYS SAN FRANCISCO SOFTWARE
Today, more than six million professional software developers across the world write more than 60 million lines of code every day, deployed to fulfill mission-critical, safety-critical and security-critical tasks. Software complexity and the resulting quality and security issues are dramatically increasing. The acquisition is expected to close in Synopsys' fiscal Q2. cash and debt, and is subject to Hart Scott Rodino regulatory review and other customary closing conditions.
The transaction will be funded by Synopsys with a combination of U.S. In addition, Synopsys will assume certain unvested stock options of Coverity employees. Under the terms of the definitive agreement, Synopsys will pay approximately $375 million, or $350 million net of cash acquired. Coverity products reduce the risk of quality and security defects, which can lead to the catastrophic failures that plague many of today's large software systems. (Nasdaq:SNPS), a global leader providing software, IP and services used to accelerate innovation in chips and electronic systems, and Coverity, the leading provider of software quality, testing, and security tools, today signed a definitive agreement for Synopsys to acquire Coverity. Coverity Improves Code Quality and Security, Resulting in Better Software, Faster