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Synopsys to Acquire Finnish Software Security Firm Codenomicon.

M2 EQUITYBITES-April 20, 2015-Synopsys to Acquire Finnish Software Security Firm Codenomicon

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20 April 2015 - US-based electronic design automation specialist Synopsys, Inc. (NASDAQ: SNPS) has signed a definitive agreement to acquire Finnish software security firm Codenomicon Oy, the company said on Monday.

Synopsys said that the additional talent, technology and products will expand its presence in the software security market segment and extend the Coverity quality and security platform to help software developers throughout various organisations quickly find and fix security vulnerabilities and protect applications from security attacks.

Codenomicon has a focus on software embedded in chips and devices.

Its customer base includes organisations 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.

Codenomicon's solutions will help Synopsys deliver a more comprehensive security offering for the software development lifecycle by adding its Defensics tool for file and protocol fuzz testing, and its AppCheck tool for software composition analysis and vulnerability assessment.

The Codenomicon Defensics tool used to discover the Heartbleed bug automatically tests the target system for unknown vulnerabilities, helping developers find and fix them before a product goes to market.

It is a systematic solution to make systems more robust, harden them against cyber-attacks and mitigate the risk of 0-day vulnerabilities.

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Publication:M2 EquityBites (EQB)
Date:Apr 20, 2015
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