Mergers and Acquisitions, Mergers and Acquisitions, Content, Networking

Synopsys Acquires Tinfoil for Application Security Testing

Synopsys has acquired Tinfoil Security, which offers dynamic application security testing (DAST) and Application Program Interface (API) security testing solutions. Financial terms were not disclosed.

This is M&A Deal Number 36 that ChannelE2E has covered in 2020. See the complete M&A deal list here.

Neither Synopsys nor Tinfoil specifically promote their offerings to channel partners. (Synopsys highlights a targeted partner effort here.) But VARs and MSPs can recommend the software to customers that need to strengthen secure application development and related DevOps tasks. Moreover, IT security professionals across the IT channel leverage Synopsys and Tinfoil to harden their application code.

Synopsys Acquires Tinfoil: Potential Synergies

Tinfoil Security was founded in 2011 by Ainsley Braun (pictured above) and Michael Borohovski, two MIT and intelligence community alumni.

Tinfoil Security's software identifies vulnerabilities on web applications and integrates with DevOps workflows, the company asserts. Moreover, the Tinfoil Security API Scanner detects vulnerabilities in APIs, including web-connected devices such as mobile backend servers, IoT devices, as well as any RESTful APIs, the seller adds.

The acquisition appears to align well with Synopsys's core focus. The company's  software helps development teams build secure software. Customers can quickly find and fix vulnerabilities and defects in proprietary code, open source components, and application behavior, Synopsys claims.

Synopsys Acquires Tinfoil: Executive Perspectives

In a prepared statement, Andreas Kuehlmann, co-general manager of the Synopsys Software Integrity Group, said:

"Through the acquisition of Tinfoil Security, Synopsys is expanding its DAST capabilities and adding API security testing capabilities, extending the most comprehensive portfolio of application security and quality testing solutions and further strengthening our technology leadership. Tinfoil Security provides Synopsys with proven DAST technology that can be seamlessly integrated into development and DevOps workflows. Furthermore, Tinfoil Security's innovative API scanning technology addresses an emerging demand in the market and will further differentiate the Synopsys portfolio."

Added Ainsley Braun, CEO and co-founder of Tinfoil Security:

"We're thrilled to be joining the Synopsys Software Integrity Group and excited about what this acquisition means for our team, our technology, and our customers. As part of the Synopsys portfolio, we're in a stronger position to help developers and IT security professionals build secure solutions for their organizations."

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.