Today Synopsys signed a definitive agreement to acquire two premier security companies. Cigital, headquartered in Dulles, Virginia, is a large application security firm specializing in professional and managed services for identifying, remediating, and preventing vulnerabilities in software applications. Codiscope, headquartered in Boston, Massachusetts, is focused on security developer tools and training modules, which Cigital distributes. The two companies are strategically aligned with Synopsys, with a shared vision of building security into the software development life cycle and across the cyber supply chain.
The cyber security landscape is becoming increasingly complex, and many organizations are struggling to determine the right software solution in the context of a multitude of point tool offerings and varying vendor strategies. This is particularly true across a broad range of industries, from enterprise and financial services, to medical devices, industrial control systems, and automotive. Having a complete end-to-end solution is vital.
Cigital consultants are instrumental in guiding organizations from the earliest stages of security readiness and system maturity, which will provide an impactful addition to Synopsys' current product-based offering. Codiscope's developer-focused tools and training modules are important in empowering developers to prioritize security. Together, we will provide what I believe will be the most comprehensive, state-of-the-art security signoff solution available in the market.
Our Synopsys Software Integrity Platform will now include:
With this acquisition, I believe we will be able to offer one of the most comprehensive end-to-end solutions in today's market. It will provide our customers a turnkey, scalable approach for minimizing software-related business risk, while enabling timely product releases at predictably lower cost that comply with internal and external standards. This expansion of the Software Integrity Group at Synopsys will allow our customers to effectively address critical security and quality problems early in the development process no matter where they are in their journey toward mature software security.