Synopsys acquires Black Duck Software for $565M

Synopsys and Black Duck Software have signed a definitive agreement for Synopsys to acquire privately held Black Duck. Under the terms of the agreement, Synopsys will pay approximately $565 million, or $548 million net of cash acquired for the open source security software company.

Synopsys will also assume certain unvested equity of Black Duck employees. The transaction will be funded by Synopsys with U.S. cash, and is subject to Hart Scott Rodino regulatory review and other customary closing conditions.

Barclays acted as exclusive financial advisor to Black Duck on this transaction.

The acquisition is expected to close in December 2017.

[Image courtesy: Black Duck]

Also see:

Hackers take down EU Parliament site in apparent DDoS attack —

Russian hackers have attacked the website of the European...

Velodyne Lidar inks multi-year agreement with GreenValley

Velodyne Lidar has inked a multi-year agreement to provide its lidar sensors to GreenValley for handheld, mobile and unmanned aerial vehicle 3D mapping solutions.