Synopsys INC 8-K filings

Synopsys has agreed to sell its Software Integrity business to Clearlake Capital and Francisco Partners for up to $2.1 billion, allowing Synopsys to focus on its core silicon to systems strategy.

Synopsys stockholders approved an amendment to the 2006 Employee Equity Incentive Plan, increasing available shares and extending the term, at their annual meeting on April 10, 2024.

Synopsys, Inc. updated its bylaws on March 25, 2024, to change the appointment process for the lead independent director.

Synopsys revealed plans to sell its Software Integrity business and outlined its growth strategy, emphasizing its leadership in EDA and IP, and the potential of its silicon to systems approach at its 2024 Investor Day.

Synopsys and Ansys have agreed that Ansys CEO, Dr. Ajei Gopal, will join the Synopsys board of directors upon completion of the pending acquisition.

Synopsys announced record first-quarter revenue of $1.649 billion, a 21% increase year-over-year, and non-GAAP earnings per diluted share of $3.56, exceeding the high end of their guidance.

Synopsys has finalized a $4.3 billion term loan agreement to partially fund its acquisition of ANSYS, Inc., alongside amendments to its existing revolving credit facility.

Synopsys will acquire Ansys for approximately $35 billion, combining their strengths in semiconductor design and simulation to create a leader in silicon to systems design solutions.