Synopsys to acquire Software Security Company Codenomicon
Acquisition of Company that Independently Discovered Heartbleed Bug Will Extend Synopsys' Coverity Quality and Security Platform
MOUNTAIN VIEW, Calif., April 20, 2015 -- Synopsys, Inc. (Nasdaq:SNPS) today announced it has signed a definitive agreement to acquire Codenomicon. The additional talent, technology and products will expand Synopsys’ presence in the software security market segment and extend the Coverity® quality and security platform to help software developers throughout various organizations quickly find and fix security vulnerabilities and protect applications from security attacks.
Based in Finland, Codenomicon Oy is well-known and highly respected in the global software security world with a focus on software embedded in chips and devices. Its customer base includes some of the world’s leading organizations in telecommunications, finance, manufacturing, software development, healthcare, automotive and government agencies. A team of security engineers at Codenomicon independently discovered the infamous Heartbleed bug while improving a feature in their security testing tools and reported it to the National Cyber Security Centre in Finland (NCSC-FI). A Codenomicon engineer is credited with naming the bug.
“Businesses are increasingly concerned about the security of their applications and protecting customer data. Adding the Internet of Things to the mix increases the complexity of security even further. During the past 15 months, the world was hit by major security breaches such as Heartbleed, Shellshock, etc.,” said Chi-Foon Chan, president and co-CEO of Synopsys. “By combining the Coverity platform with the Codenomicon product suite, Synopsys will expand its reach to provide a more robust software security solution with a full set of tools to help ensure the integrity, privacy and safety of an organization’s most critical software applications.”
“Since our inception, Codenomicon has focused on making the world a safer place by giving organizations the visibility and real-time intelligence necessary to effectively protect their software assets against security vulnerabilities,” said Rauli Kaksonen, co-founder of Codenomicon. “By adding our pioneering solutions to Synopsys’ Coverity platform, we can extend these benefits to a broader audience and help reduce risk across a range of industries and applications.”