Synopsys 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 in 2019, share a vision for delivering SaaS-based security testing solutions and building security into the software development lifecycle.
California-based Synopsys paid US$330 million in cash and expects the acquisition to be roughly neutral to fiscal year 2022 non-GAAP earnings per share.
Jason Schmitt, general manager of the Synopsys Software Integrity Group, noted that WhiteHat Security helped pioneer SaaS delivery of application security testing, and brings powerful technology and expertise into their 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,” said Schmitt.