Synopsys Acquires Coverity for $350,000,000

  • Feed Type
  • Date
    2/20/2014
  • Company Name
    Coverity
  • Mailing Address
    185 Berry St. San Francisco, CA 94107
  • Company Description
    Coverity’s groundbreaking technology enables developers to control complexity in the development process by automatically finding and helping to repair critical software defects and security vulnerabilities early in the application lifecycle.
  • Website
    http://www.coverity.com
  • Transaction Type
    M&A
  • Transaction Amount
    $350,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Synopsys will pay approximately $375 million, or $350 million net of cash acquired. In addition, Synopsys will assume certain unvested stock options of Coverity employees. The transaction will be funded by Synopsys with a combination of U.S. cash and debt.

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