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Clearlake Capital Group and Francisco Partners complete acquisition of Synopsys Software Integrity Group, establishing Black Duck Software, Inc.

Oct 02, 202411 months ago

Acquiring Company

Clearlake Capital Group

Acquired Company

Black Duck

Santa MonicaSan FranciscoBurlingtonFinanceVenture CapitalSoftware

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.

Company Information

Company

Clearlake Capital Group

Location

Santa Monica, California, United States

About

Clearlake is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials and consumer. Clearlake currently has approximately $39 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at https://www.clearlake.com.

Company

Francisco Partners

Location

San Francisco, California, United States

About

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $45 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.Franciscopartners.com.

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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