Synopsys buying security IP provider Elliptic

• Elliptic Technologies provides cryptography cores and middleware, security protocol accelerators/processors, security IP modules, and other security-related IP for chipmakers and electronics firms. Synopsys (NASDAQ:SNPS +1.5%) is buying the company for an undisclosed sum.
• Synopsys states Elliptic's offerings will complement its DesignWare chip IP portfolio. The deal follows the acquisition of Codenomicon, a Finnish provider of software tools that help developers uncover/fix security issues.