Synopsys Acquires Coverity for $350,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4189791f-43b0-42aa-ac6c-b6358f6f09a8
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.