NASDAQ-NMS:SNPS

Synopsys Initiates $300 Million Accelerated Share Repurchase Agreement

Retrieved on: 
Thursday, August 24, 2023
Synopsys, Wells Fargo, SNPS, NA, ASR, Share repurchase, Holding company, Car rental

SUNNYVALE, Calif., Aug. 24, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today announced that it has entered into an accelerated share repurchase agreement (ASR) with Wells Fargo Bank, NA to repurchase an aggregate of $300 million of Synopsys stock.

Key Points: 
  • SUNNYVALE, Calif., Aug. 24, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today announced that it has entered into an accelerated share repurchase agreement (ASR) with Wells Fargo Bank, NA to repurchase an aggregate of $300 million of Synopsys stock.
  • Under the terms of the ASR, Synopsys will receive an aggregate initial share delivery of approximately 569,000 shares, with the remainder, if any, to be settled on or before November 22, 2023, upon completion of the repurchases.
  • The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on the average of Synopsys' daily volume-weighted average share prices during the repurchase period, less a discount.

Synopsys Completes Acquisition of PikeTec GmbH

Retrieved on: 
Wednesday, August 23, 2023
Mil, Electronics, System, Original equipment manufacturer, SDV, SNPS, Acquisition, Growth, SIL, Automation, Software, Online shopping, Synopsys

SUNNYVALE, Calif., Aug. 23, 2023 /PRNewswire/ -- Synopsys, Inc. (NASDAQ: SNPS) today announced it has completed the acquisition of PikeTec GmbH.

Key Points: 
  • SUNNYVALE, Calif., Aug. 23, 2023 /PRNewswire/ -- Synopsys, Inc. (NASDAQ: SNPS) today announced it has completed the acquisition of PikeTec GmbH.
  • PikeTec is one of the leaders in solutions for the testing and verification of automotive software for control unit systems.
  • "As the automotive industry evolves towards software-defined vehicles, so does the need for more efficient and effective software testing methods," said Jens Lüdemann, CEO at PikeTec.
  • The terms of the deal, which are not material to Synopsys financials, are not being disclosed.

Synopsys to Present at Rosenblatt Tech Summit

Retrieved on: 
Friday, August 18, 2023
Synopsys, SNPS

SUNNYVALE, Calif., Aug. 18, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced the following presentation for the investment community.

Key Points: 

SUNNYVALE, Calif., Aug. 18, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced the following presentation for the investment community.
Tuesday, August 22 at 2:00 p.m. PT / 5:00 p.m. ET
There will be a live audio webcast and a replay will be available following the live event.

Synopsys Announces Sassine Ghazi to Assume President and CEO Role Jan. 1, 2024

Retrieved on: 
Wednesday, August 16, 2023
Heart, Marketing, Culture, Aart, IP, SNPS, Trust, Intel, Management, Synopsys

SUNNYVALE, Calif., Aug. 16, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that its Board of Directors has appointed Sassine Ghazi as president and Chief Executive Officer effective on Jan. 1, 2024. At that time, Aart de Geus, chair and CEO will transition into the role of Executive Chair of Synopsys' Board of Directors. In their new roles, de Geus and Ghazi will continue their close and trusting collaboration to maintain and extend Synopsys' high vitality culture, technology leadership, and excellent business growth, as they have demonstrated in recent years. Ghazi also joined Synopsys' Board of Directors, effective Aug. 13, 2023.

Key Points: 
  • At that time, Aart de Geus, chair and CEO will transition into the role of Executive Chair of Synopsys' Board of Directors.
  • Ghazi (53) brings multiple decades of chip design, applications engineering, customer support, sales, and business management experience to the Synopsys CEO role.
  • In his current role as president and COO, he leads and drives strategy for all business units, sales, marketing and customer success at Synopsys.
  • He assumed the role of COO in August 2020 and was appointed to the role of president in November 2021.

Synopsys Posts Financial Results for Third Quarter Fiscal Year 2023

Retrieved on: 
Wednesday, August 16, 2023
Configurator, Table, GAAP, Government, SNPS, Software, Investment, Humble Bundle, Growth, Bank statement, FPGA, Automation, Cryptocurrency, Bank, Security (finance), Synopsys

SUNNYVALE, Calif., Aug. 16, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its third quarter of fiscal year 2023. Revenue for the third quarter of fiscal year 2023 was $1.487 billion, compared to $1.248 billion for the third quarter of fiscal year 2022. Also today, the company announced that its Board of Directors has appointed Sassine Ghazi as President and Chief Executive Officer effective on January 1, 2024. 

Key Points: 
  • SUNNYVALE, Calif., Aug. 16, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today reported results for its third quarter of fiscal year 2023.
  • Revenue for the third quarter of fiscal year 2023 was $1.487 billion, compared to $1.248 billion for the third quarter of fiscal year 2022.
  • We outperformed our financial guidance for the third quarter led by record revenue in design automation, which delivered its first billion-dollar-revenue quarter.
  • Synopsys also provided its consolidated financial targets for the fourth quarter and full fiscal year 2023.

Synopsys Partners with NowSecure and Secure Code Warrior to Expand Industry-Leading Application Security Testing Solutions Portfolio

Retrieved on: 
Tuesday, August 8, 2023
SDLC, Learning, DevOps, Partnership, Developer, ASPM, API, MAST, Android, Software, Privacy, IOS, Security, Mobile, Organization, SNPS, Business Integration Group, Inc., Android SDK, Ides, NowSecure, AI, Maritime Civil Affairs and Security Training Command, AST, Online shopping, Medical device, Risk management, Synopsys

SUNNYVALE, Calif., Aug. 8, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced the details around two new collaboration agreements with NowSecure, recognized experts in mobile security and privacy, and Secure Code Warrior, provider of the leading agile learning platform for developer-driven security, to expand its Software Integrity Group's industry-leading portfolio of application security testing (AST) solutions.  

Key Points: 
  • Agreements Provide Enterprises with Enhanced Mobile Application Security Testing Capabilities, Access to Thousands of Agile Secure Code Learning Experiences for Developers
    SUNNYVALE, Calif., Aug. 8, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today announced the details around two new collaboration agreements with NowSecure , recognized experts in mobile security and privacy, and Secure Code Warrior , provider of the leading agile learning platform for developer-driven security, to expand its Software Integrity Group's industry-leading portfolio of application security testing (AST) solutions.
  • Synopsys is introducing two new application security solutions leveraging these strategic partners: Synopsys Mobile Application Security Testing powered by NowSecure and Synopsys Developer Security Training powered by Secure Code Warrior.
  • "The NowSecure automated mobile capabilities seamlessly complement Synopsys' industry-leading managed services in mobile application security testing to provide an unparalleled level of coverage and scalability.
  • For more information about Mobile Application Security Testing, visit the Synopsys website and read today's detailed blog post .

Synopsys Appoints Rob Painter to Board of Directors

Retrieved on: 
Monday, August 7, 2023
West Virginia University, Agriculture, Virginia University, TRMB, SNPS, AI, Transport, MBA, Harvard University, Management, Synopsys

SUNNYVALE, Calif., Aug. 7, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced the appointment of Rob Painter to its board of directors.

Key Points: 
  • SUNNYVALE, Calif., Aug. 7, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced the appointment of Rob Painter to its board of directors.
  • "We are thrilled to welcome Rob to our Synopsys board of directors," said Aart de Geus, chair and CEO of Synopsys.
  • "It's an honor to join the board of Synopsys," said Painter.
  • I look forward to partnering with the Board and the leadership team as Synopsys continues to advance and deliver an unmatched product portfolio to enable a new 'smart everything' era."

Synopsys Launches Software Risk Manager to Simplify Enterprise-Scale Application Security Testing

Retrieved on: 
Tuesday, August 1, 2023
Unify, ASPM, Gartner, Policy, SCA, Organization, SNPS, Business Integration Group, Inc., Integration, SAST, AST, Risk management, Medical device, Synopsys

SUNNYVALE, Calif., Aug. 1, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced the launch of Synopsys Software Risk Manager, a powerful new application security posture management (ASPM) solution. Software Risk Manager enables security and development teams to simplify, align and streamline their application security testing across projects, teams and application security testing (AST) tools. It aligns intelligent policy-driven orchestration and vulnerability management capabilities with the Synopsys Software Integrity Group's market-leading SAST and SCA engines, with broad support for other open-source and commercial AST tools. In combination, Synopsys' ASPM solution delivers an enhanced ability to implement application security consistently across any organization.

Key Points: 
  • (Nasdaq: SNPS ) today announced the launch of Synopsys Software Risk Manager , a powerful new application security posture management (ASPM) solution.
  • Software Risk Manager enables security and development teams to simplify, align and streamline their application security testing across projects, teams and application security testing (AST) tools.
  • "Application security programs need to be effective and efficient at reducing software risk in order to deliver value," said Jason Schmitt, general manager of Synopsys' Software Integrity Group.
  • Synopsys Software Risk Manager provides teams with a holistic view of their application security posture while accelerating time to value and reducing the overall cost of their AppSec programs."

Synopsys Appoints Jill Larsen as Chief People Officer

Retrieved on: 
Monday, July 31, 2023
Culture, PTC, Communication, National Association of Corporate Directors, IP, Human, EMC, Organization, SNPS, Medidata Solutions, Professional in Human Resources, Cisco, Corporation, HR, NACD, PHR, Artificial intelligence, Growth, Emmanuel College, SunGard, National Association, Management, Synopsys, Boston College

SUNNYVALE, Calif., July 31, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today announced that Jill Larsen has joined the company as Chief People Officer, responsible for leading the Synopsys People and Workplace Resources organization.

Key Points: 
  • SUNNYVALE, Calif., July 31, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today announced that Jill Larsen has joined the company as Chief People Officer, responsible for leading the Synopsys People and Workplace Resources organization.
  • The market leader in its field, Synopsys enables today's advances in global computing, artificial intelligence and next-generation silicon technology.
  • Larsen joins Synopsys from PTC, a $2B public industrial software company where she led a business, cultural and talent transformation as Chief People Officer.
  • Prior to PTC, Larsen served as a Chief People Officer and C-suite executive in global public and private companies, including Medidata, Cisco, EMC and SunGard.

Synopsys Accelerates Advanced Chip Design with First-Pass Silicon Success of IP Portfolio on TSMC 3nm Process

Retrieved on: 
Thursday, July 20, 2023
Marketing, SOC, IP, App Store (iOS/iPadOS), SNPS, Silicon, Risk, HPC, TSMC, AI, PPA, Semiconductor, Synopsys

SUNNYVALE, Calif., July 20, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) technology is unleashing a new wave of advanced designs with the industry's broadest portfolio of interface IP for the TSMC N3E process. Silicon success of Synopsys IP across multiple product lines, including the most widely used protocols, delivers leading power, performance, area (PPA) and latency. Synopsys' IP for the TSMC N3E node offers a fast path to TSMC N3P integration and enables chip designers to accelerate development of their AI, high-performance computing (HPC) and mobile designs.  

Key Points: 
  • Silicon success of Synopsys IP across multiple product lines, including the most widely used protocols, delivers leading power, performance, area (PPA) and latency.
  • Synopsys' IP for the TSMC N3E node offers a fast path to TSMC N3P integration and enables chip designers to accelerate development of their AI, high-performance computing (HPC) and mobile designs.
  • "Synopsys IP for TSMC's 3nm process has been adopted by dozens of leading companies to accelerate their development time, quickly achieve silicon success and speed their time to market."
  • "Our longstanding collaboration with Synopsys enables our mutual customers to benefit from a broad portfolio of IP that has been proven on TSMC's advanced process technologies," said Dan Kochpatcharin, head of the Design Infrastructure Management Division at TSMC.