Software management technology provider Black Duck Software had raised more than $70m in funding from investors including Intel, Siemens and Red Hat.
Corporates Intel, Siemens and Red Hat are set to exit US-based software management technology provider Black Duck Software, which agreed yesterday to an acquisition by electronic design software producer Synopsys for approximately $565m.
Black Duck provides technology that automates the process of securing and managing open source software by identifying and inventorying the software code and finding security or licence compliance issues.
The company’s Software Composition Analysis platform will expand Synopsis’ security offering. Barclays was Black Duck’s financial advisor for…
