Month: April 2022

Munich, Germany. 28 April, 2022 – Infineon Technologies AG is committed to enabling security for the Internet of Things (IoT) and applauds the adoption of delegated articles 3.3 (d), (e), and (f) of the European Commission (EC) Radio Equipment Directive (RED, 2014/53/EU), and its goal to provide security, safety, health and privacy outcomes for the consumer and industry. The essential personal data, privacy and fraud-protection requirements in RED are planned to take effect on August 1, 2024 in the European Union (EU). All products falling under this ruling must comply with the defined standards by July 2024, the latest.

“As one of the security solution providers in Europe, Infineon recognises that digitalisation and internet connectivity imposes cybersecurity, privacy and fraud threats to consumers and enterprises,” says Thomas Rosteck, president of the Connected Security Systems Division of Infineon.

“We support the essential requirements in EU RED delegated articles as it introduces security, privacy and fraud-protection in all RF connected devices sold within the EU ‘single-market’ and consequently makes it safer to use these devices for European individuals and enterprises. EU GDPR (2018), the EU Cyber Security Act (2019), and now the EU RED: The continuous emergence of regulations underscores the growing importance of cybersecurity in today’s world.”

As requested by the EC, the European Standardisation Organisations (ESOs) are engaged in standardising the technical and compliance requirements for the devices to support the security and privacy outcomes promoted by RED. Infineon is participating in these European standardisation groups to support its customers to meet the requirements and plan for future success.

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London, UK. 28 April 2022 – Synopsys, Inc. has signed a definitive agreement to acquire WhiteHat Security, a provider of application security Software-as-a-Service (SaaS). The addition of WhiteHat Security will provide Synopsys with significant SaaS capabilities and dynamic application security testing (DAST) technology to strengthen what is considered one of the industry’s broadest application security testing portfolio. Synopsys and WhiteHat Security, which was acquired by NTT Security Corporation in 2019, share a vision for delivering SaaS-based security testing solutions and building security into the software development lifecycle.

Under the terms of the transaction, Synopsys will pay approximately $330 million (€312.71 million) in cash. The transaction is subject to regulatory review and customary closing conditions and is expected to close in Synopsys’ fiscal Q3 2022. Based on its preliminary review, Synopsys currently expects the acquisition to be roughly neutral to FY2022 non-GAAP earnings per share.

“WhiteHat Security helped pioneer SaaS delivery of application security testing and brings powerful technology and expertise into our application security portfolio,” says Jason Schmitt, general manager of the Synopsys Software Integrity Group. “WhiteHat Security’s DAST capabilities complement our strengths in static analysis, interactive analysis and software composition analysis, while their expertise in SaaS will accelerate our security testing SaaS capabilities. We are excited about the value this will create for our customers and welcome the WhiteHat Security team as they join us in our mission to build trust in the software that businesses depend on.”

“We’re thrilled to join forces with Synopsys in the next phase of our journey,” says Craig Hinkley, chief executive officer of WhiteHat Security. “The combination of our respective strengths and our shared vision for the future of application security presents exciting opportunities for our customers and the broader market. We look forward to continuing to serve the loyal customers that have trusted WhiteHat Security for nearly 20 years and expanding our footprint as part of the larger Synopsys portfolio.”

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