Synopsys Acquires Black Duck Software for $565 Million

Synopsys, a leading electronic design automation company, has signed a definitive agreement to purchase Black Duck Software for $565 million.

Black Duck, founded in 2002, is a cybersecurity company that secures and manages open source software worldwide, eliminating the challenges related to security vulnerabilities, compliance and operational risk.

The addition of Black Duck’s software composition analysis solution will enhance Synopsys’ efforts in the software security market.