Tech Company M&A Transactions
Coverity Acquisition
Coverity was acquired by Synopsys. The transaction was announced on 2/20/2014. Purchase price was estimated to be $350 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/20/2014
Transaction Type
M&A
Amount
$350,000,000
M&A Terms
Synopsys will pay approximately $375 million, or $350 million net of cash acquired. In addition, Synopsys will assume certain unvested stock options of Coverity employees. The transaction will be funded by Synopsys with a combination of U.S. cash and debt.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
185 Berry St. 6500
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Website
Email Address
Overview
Coverity's groundbreaking technology enables developers to control complexity in the development process by automatically finding and helping to repair critical software defects and security vulnerabilities early in the application lifecycle.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anthony Bettencourt
Chief Financial Officer
John Calonico
Chief Technical Officer
Andy Chou
VP - Customer Service
Sunil Nagdev
VP - Human Resources
Carol MacKinlay
VP - Marketing
Jennifer Johnson
VP - R & D
Andreas Kuehlmann
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here come from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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