Application Software M&A » By The Online Investor Staff, updated Tue., May. 24, 7:10 AM
Recent mergers and acquisitions in the Application Software M&A category.
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Slide #45. Synopsys — Coverity
Acquirer:
Synopsys (NASDAQ:SNPS)
Acquiree:
Coverity
Details:
Synopsys, Inc. (Nasdaq:SNPS), a global leader providing software, IP and services used to accelerate innovation in chips and electronic systems, has completed its acquisition of Coverity, the leading provider of software quality, testing and security tools. The value of the transaction is approximately $334 million net of cash acquired, which Synopsys is funding using a combination of cash and approximately $200 million in debt.
Synopsys supplies electronic design automation software that engineers use to design and test integrated circuits. Co. provides semiconductor intellectual property products, which are pre-designed circuits that engineers use as components of larger chip designs. Co. provides software and hardware used to validate the electronic systems that incorporate chips and the software that runs on them. In addition, Co. provides technical services and support to help its customers develop chips and electronic systems. Co. is also a provider of software tools and services in a variety of industries, including electronics, financial services, automotive, medicine, energy and industrials.
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Avg. Broker Rec.
 
|
Buy (3.43 out of 4) 42nd percentile
(ranked lower than approx. 58% of all stocks covered)
Analysts' Target Price: SNPS Stock Forecast Based on Zacks ABR data; powered by Xignite |
