Clearlake Capital Group, L.P. and Francisco Partners to acquire Synopsys, Inc.'s Software Integrity Group business
Clearlake Capital Group, L.P. and Francisco Partners to acquire Synopsys, Inc.'s Software Integrity Group business
05/06/24, 1:13 PM
Location
santa monicasunnyvaleIndustry
software
Synopsys, Inc. has entered into a definitive agreement with Clearlake Capital Group, L.P. and Francisco Partners, two global private equity firms, for the sale of its Software Integrity Group business in a transaction with a total value of up to $2.1 billion. After the acquisition, the Software Integrity Group business will emerge as a newly independent application security testing software provider, with the existing management team expected to lead the standalone entity.
Company Info
Location
Santa Monica, California, United States
Company info
Clearlake Capital Group, L.P. and Francisco Partners are global private equity firms with a strong track record of investing in growing software platforms. They specialize in working with leading technology companies to carve out divisions and business units that can benefit from greater focus and flexibility as standalone entities, and where their operating teams can bring resources and expertise to help accelerate growth.