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Clearlake Capital Group, L.P. and Francisco Partners to acquire Synopsys, Inc.'s Software Integrity Group business

May 06, 2024•over 1 year ago

Acquiring Company

Clearlake Capital

Acquired Company

Synopsys

Santa MonicaSunnyvaleSoftware

Description

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 Information

Company

Clearlake Capital

Location

Santa Monica, California, United States

About

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.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed