Clearlake Capital Group and Francisco Partners complete acquisition of Synopsys Software Integrity Group, establishing Black Duck Software, Inc.
Oct 02, 2024•11 months ago
Acquiring Company
Clearlake Capital Group
Acquired Company
Black Duck
Description
Clearlake Capital Group and Francisco Partners have successfully completed the acquisition of the Synopsys Software Integrity Group, establishing the independent application security company as Black Duck Software, Inc. Black Duck, formerly known as the Synopsys Software Integrity Group, will continue its mission to help organizations build trust in their software and provide application security solutions to address the increasing demands for cutting-edge application security solutions.
M&A Insights
Based on deal dataIntegration 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