Synopsys to sell Software Integrity business

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Synopsys Inc . (NASDAQ:SNPS), a leader in electronic design automation, announced today that its Board of Directors has approved the sale of its Software Integrity business. The decision comes as a result of a strategic portfolio review aimed at optimizing the company's core operations.

www.investing.com/, Mar. 20, 2024 – 

The Software Integrity business, which is a part of Synopsys, has been focused on providing advanced solutions for software security and quality. This move to initiate a sale marks a significant shift in the company's direction, as it looks to concentrate on its primary market segments.

While the details of the potential sale, including the buyer and terms, have not been disclosed, the announcement is expected to draw attention from various investors and companies interested in expanding their software security capabilities.

Synopsys has not provided a timeline for the sale process but has stated that more information will be made available once key developments occur. The company's decision underscores its commitment to strategic growth and value creation for its shareholders.

The sale of the Software Integrity business could have implications for Synopsys's financial structure and future investment strategies. Yet, the company has not released any financial details or forecasts related to the sale at this time.

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