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Synopsys acquires Finnish software security company

Posted: 21 Apr 2015     Print Version  Bookmark and Share

Keywords:acquisition  Synopsys  Codenomicon Oy  Heartbleed  security 

Synopsys Inc. has acquired software security company Codenomicon, which is known for independently discovering the Heartbleed bug. According to Synopsys, the acquisition will expand the company's presence in the software security market segment as well as extend the Coverity quality and security platform.

Codenomicon is credited with independently discovering the infamous Heartbleed bug. Heartbleed, according to CNET, is a recently discovered security vulnerability in OpenSSL software that puts users' passwords at many websites at risk. A team of security engineers at Codenomicon discovered the bug while improving a featuring in their security testing tools and reported it to the National Cyber Security Centre in Finland.

"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 organisation's most critical software applications."

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. The Defensics tool also helps expose failed cryptographic checks, privacy leaks or authentication bypass weaknesses. The Defensics tool is heavily used by buyers of Internet-enabled products to validate and verify that procured products meet their stringent security and robustness requirements.

The Codenomicon AppCheck tool adds software composition analysis (SCA) capabilities to the Coverity platform, helping customers reduce risks in third-party and open source components. When using the AppCheck tool, customers are able to obtain a software bill of materials (BOM) for their application portfolios, and identify components with known vulnerabilities.

"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."

This is the first acquisition Synopsys has made since its surprise buying spree in 2012. That year, Synopsys acquired, among other companies, SpringSoft, a supplier of specialised IC design software with headquarters in Hsinchu, Taiwan.

The terms of the Codenomicon deal, which is not material to Synopsys financials, have not been disclosed. The transaction is subject to customary closing conditions and is expected to close within 30 days.

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