Codiscope Has Been Acquired by Synopsys
Signal Hill is pleased to announce that its clients Cigital and Codiscope, portfolio companies of LLR Partners, have agreed to be acquired by Synopsys, Inc. (Nasdaq: SNPS), a global leader in electronic design automation (EDA) and semiconductor IP that is also growing its leadership in software quality and security solutions.
The acquisitions will add complementary products, services, and a highly skilled workforce to the Synopsys portfolio, creating the first true end-to-end provider for software security.
Cigital is a privately held provider of software security managed and professional services for identifying, remediating, and preventing vulnerabilities in software applications. Codiscope, which spun out of Cigital in 2015, transforms the tools and intellectual property created by Cigital into a suite of accessible and streamlined tools for a broad population of developers.
"Signal Hill was our trusted advisor, adding significant value and providing support and guidance throughout this process,” said John Wyatt, CEO of Cigital. “Matt Fiore, Greg Ager and team really understood our business and the strategic landscape and ultimately helped us find a great fit with the right partner."
Prior to these transactions, Signal Hill advised Codenomicon on its sale to Synopsys.
About Signal Hill
Signal Hill, named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network, is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes. For more information visit www.signalhill.com.