M&A Deal Summary

Synopsys Acquires Cigital

On November 7, 2016, Synopsys acquired software company Cigital from LLR Partners

Acquisition Highlights
  • This is Synopsys’ 37th transaction in the Software sector.
  • This is Synopsys’ 36th transaction in the United States.
  • This is Synopsys’ 1st transaction in Virginia.

M&A Deal Summary

Date 2016-11-07
Target Cigital
Sector Software
Buyer(s) Synopsys
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

Cigital

Dulles, Virginia, United States
Cigital, Inc. is a provider of software security services and solutions. Cigital helps customers design, build, test and maintain secure software through a combination of expert consultants, innovative technologies, and effective training built on over twenty years of cutting-edge research and successful client engagements.

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Buyer(S) 1

Buyer

Synopsys

Sunnyvale, California, United States

Category Company
Founded 1986
Sector Software
Employees20,300
Revenue 5.8B USD (2023)
DESCRIPTION
Entrance to Synopsys' corporate headquarters in Mountain View, California.
Entrance to Synopsys' corporate headquarters in Mountain View, California.

Synopsys with companies to develop electronic products and software applications. Synopsys provides electronic design automation (EDA) and semiconductor IP solutions. Synopsys was founded in 1986 and is based in Sunnyvale, California.


DEAL STATS #
Overall 51 of 70
Sector (Software) 37 of 48
Type (Add-on Acquisition) 47 of 63
State (Virginia) 1 of 1
Country (United States) 36 of 44
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Codiscope

Boston, Massachusetts, United States

Codiscope LLC is a provider of tools to improve the quality of software everywhere, fitting modern agile development processes by detecting and immediately eliminating vulnerabilities as they're introduced. Codiscope empowers every developer, from the smallest startup to the largest enterprise, to build security in from the start even if they're not security experts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Forcheck BV

Leiden, Netherlands

Forcheck BV is a developer of static analysis software tool for detecting coding defects and anomalies in Fortran applications.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 34 of 76
Sector (Software) 8 of 15
Type (Add-on Acquisition) 22 of 47
State (Virginia) 1 of 3
Country (United States) 33 of 75
Year (2016) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Codiscope

Boston, Massachusetts, United States

Codiscope LLC is a provider of tools to improve the quality of software everywhere, fitting modern agile development processes by detecting and immediately eliminating vulnerabilities as they're introduced. Codiscope empowers every developer, from the smallest startup to the largest enterprise, to build security in from the start even if they're not security experts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 eOriginal

Baltimore, Maryland, United States

eOriginal, Inc. is a provider of digital transaction management software solutions, specializing in the post-execution management of financial asset documentation. The company's SmartSign® and eAsset® Management Services enable an end-to-end solution for fully electronic transactions that must be managed with the highest levels of security and compliance throughout their lifecycle. eOriginal was founded in 1996 and is based in Baltimore, Maryland.

Buy -