![]() While Synopsys has not yet provided financial guidance for fiscal 2018, the preliminary review indicates that, due to the impact of purchase accounting and the associated deferred revenue haircut of approximately $25-30 million, Synopsys expects Black Duck to contribute approximately $55-60 million to fiscal 2018 revenue. ![]() Doing so will enable us to provide leading solutions that enable customers to develop and deliver more secure and higher-quality software faster than ever before." "We're excited to join an organization that shares our commitment to addressing security and quality issues at the earliest phases of the software development process. ![]() Our rapid growth and success over the last four years is evidence that organizations are taking open source security very seriously," said Lou Shipley, chief executive officer of Black Duck. Many high-profile, costly breaches resulted. As reliance on open source grew rapidly over the last decade because of its economic value, most organizations have struggled in their efforts to secure and manage it effectively. "Today, software security is top of mind for every organization and their Boards of Directors. Given open source's prominence in application development, early identification of security and compliance issues increases the ability to deliver secure, high-quality software more quickly. It also provides automated alerts for any newly discovered vulnerabilities affecting the open source code.Ĭustomers are seeking to address security and quality as early as possible in the software development cycle to enable Continuous Integration/Continuous Delivery (CI/CD) and the move to the cloud. Black Duck's industry-leading products automate the process of identifying and inventorying the open source code, detecting known security vulnerabilities and license compliance issues. 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. Software development is undergoing sweeping and rapid change, including the increasing use of open source software (OSS), which makes up 60% or more of the code in today's applications. We look forward to working with Black Duck's experienced team as we drive our combined solution to the next level of value for our customers." "Development processes continue to evolve and accelerate, and the addition of Black Duck will strengthen our ability to push security and quality testing throughout the software development lifecycle, reducing risk for our customers. "Our vision is to deliver a comprehensive platform that unifies best-in-class software security and quality solutions," said Andreas Kuehlmann, senior vice president and general manager of the Synopsys Software Integrity Group. The acquisition is expected to close in December 2017. cash, and is subject to Hart Scott Rodino regulatory review and other customary closing conditions. The transaction will be funded by Synopsys with U.S. In addition, Synopsys will assume certain unvested equity of Black Duck employees. Under the terms of the definitive agreement, Synopsys will pay approximately $565 million, or $548 million net of cash acquired. The addition of Black Duck's highly respected Software Composition Analysis solution will enhance Synopsys' efforts in the software security market by broadening its product offering and expanding its customer reach. have signed a definitive agreement for Synopsys to acquire privately held Black Duck, a leader in automated solutions for securing and managing open source software.
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