Synopsys Completes Acquisition of Seeker from Quotium

MOUNTAIN VIEW, Calif., Jul. 22, 2015 – 

Synopsys, Inc. (Nasdaq:SNPS) has completed its acquisition of certain assets of Quotium (NYSE Euronext: QTE), including the Seeker® product and R&D team. The asset acquisition adds talent and technology that will accelerate Synopsys' efforts in the software application security market and extend the company's Coverity® platform with interactive application security testing (IAST) functionality.

The Seeker solution helps businesses find high-risk security weaknesses while fostering collaboration between development and security teams. It exposes vulnerable code and ties it directly to business impact and exploitation scenarios, providing a clear explanation of risks. By accelerating adoption of security testing technologies into the software development lifecycle (SDLC), customers across industries such as financial, health, energy and retail can get to market faster with increased stability and certainty.

About Synopsys, Inc.

Synopsys, Inc. is the world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design and manufacturing. Synopsys comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, software-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan, Asia and India.

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