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Synopsys Completes Acquisition of Application Security SaaS WhiteHat Security

Synopsys Completes Acquisition of Application Security SaaS WhiteHat Security Image Credit: Synopsys

Synopsys announced that it has completed the acquisition of WhiteHat Security, a leading provider of application security Software-as-a-Service (SaaS).

The addition of WhiteHat Security provides Synopsys with significant SaaS capabilities and market-segment-leading dynamic application security testing (DAST) technology to strengthen what is considered one of the industry's broadest application security testing portfolios. 

 

Synopsys and WhiteHat Security, which was acquired by NTT Security Corporation in 2019, share a vision for delivering SaaS-based security testing solutions and building security into the software development lifecycle.

Synopsys paid $330 million in cash and expects the acquisition to be roughly neutral to FY2022 non-GAAP earnings per share.

Jason Schmitt, general manager of the Synopsys Software Integrity Group
WhiteHat Security helped pioneer SaaS delivery of application security testing and brings powerful technology and expertise into our application security portfolio. WhiteHat Security's DAST capabilities complement our strengths in static analysis, interactive analysis and software composition analysis, while their expertise in SaaS will accelerate our security testing SaaS capabilities. We are excited about the value this will create for our customers and welcome the WhiteHat Security team as they join us in our mission to build trust in the software that businesses depend on.

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Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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