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Synopsys snaps up Code Dx for consolidated risk reporting across software vulnerability data

Synopsys Inc. today said it has acquired application security risk management startup Code Dx Inc. for an undisclosed price.

Founded in 2013, Code Dx offers an application security risk management solution that automates and accelerates the discovery, prioritization and remediation of software vulnerabilities. The company’s software management and security analytics tools consolidate vulnerabilities detected through a collection of static application security testing tools, dynamic application security testing and manual findings, visualizing results in a unified display.

Along with integrating AppSec tool results into a centralized location, Code Dx’s solution automates the most time-consuming tasks to speed up AppSec testing and remediation.

For Synopsys customers, the addition of Code Dx delivers consolidated risk reporting and prioritization across correlated software vulnerability data produced by Synopsys solutions and more than 75 third-party and open-source application security and development products. The acquisition also adds a team of research and development engineers experienced in vulnerability correlation and integrating security testing activity across the entire software development pipeline.

Both companies had worked closely in the past. Code Dx was a Synopsys Technology Alliance Partner program member and the two companies have worked to integrate Code Dx into the Synopsys product portfolio. As a result of the prior work, customers can immediately use Code Dx’s offering in conjunction with Synopsys products.

“The complexity and speed of modern software development requires the use of multiple security testing technologies and rapid testing cycles,” Jason Schmitt, general manager of the Synopsys Software Integrity Group, said in a statement. “While robust security testing is vital to securing modern software, it often produces large amounts of vulnerability data that is difficult to manage at speed and at scale.”

Prior to the acquisition, Code Dx is known to have only raised external funding once — a $2 million seed round from DataTibe in 2019, according to Crunchbase.

Image: Code Dx

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