CEO Says Synopsys Reduces Security Unit Suitors to Half-Dozen

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CEO Says Synopsys Reduces Security Unit Suitors to Half-Dozen
CEO Says Synopsys Reduces Security Unit Suitors to Half-Dozen

The CEO of Synopsys, Sassine Ghazi, revealed that the company has narrowed the pool of potential purchasers for its security software sector to about six.

Sassine Ghazi, the CEO of Synopsys, announced on Wednesday that the business has reduced the number of possible buyers for its security software division to roughly six.

Sources have speculated that Synopsys’ software integrity business unit, which the corporation announced last year, might be valued at $3 billion.

About thirty potential purchasers expressed interest, according to Ghazi, during the company’s annual developer conference in Santa Clara.

The start of Synopsys’ unit’s sale process has been approved by the board.

“It’s a very competitive process with a lot of interested parties,” Ghazi stated. He did not provide a timeframe for the deal’s completion.

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