Synopsys Inc. has announced a definitive agreement with Clearlake Capital Group L.P. and Francisco Partners to acquire its Software Integrity Group business for up to $2.1 billion. The deal includes up to $475 million in cash that will be paid upon achieving a specified rate of return in connection with liquidity transactions. After the completion of this transaction, the Software Integrity Group will operate as an independent application security testing software provider.
This transaction was approved unanimously by Synopsys’ board of directors on May 6, 2024, and is expected to close in the second half of 2024, pending regulatory approvals and other customary closing conditions. The Software Integrity Group offers integrated software solutions that help development teams streamline their software development processes while managing business risks effectively. Its wide range of software security products can work with third-party and open-source tools, enabling organizations to enhance their security programs utilizing their existing investments.
Clearlake Capital Group L.P., founded in 2006, is a private equity firm that invests in technology companies globally, while Francisco Partners is a private equity firm that focuses on investing in enterprise software companies worldwide. With this acquisition, Clearlake Capital Group L.P., together with Francisco Partners, aims to strengthen Synopsys’ position as a leading provider of software solutions for enterprise software companies worldwide.
For more details on this deal, please refer to the official press release.
Synopsys Inc., headquartered in Mountain View, California, USA, offers advanced semiconductor solutions for smart homes and smart cars worldwide through its various subsidiaries and joint ventures.
