Clearlake Capital Group, L.P. and Francisco Partners to acquire Synopsys, Inc.'s Software Integrity Group business
Acquiring Company
Clearlake Capital
Acquired Company
Synopsys
SunnyvaleFinancial ServicesSoftwareLending And InvestmentsFinanceInformation TechnologyHardwareSoftwarePrivacy And SecuritySecurityinformation technology & servicesDescription
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.
Quick answer
Clearlake Capital is acquiring Synopsys, announced May 6, 2024.
- How much did Clearlake Capital pay for Synopsys?
- The deal value was not disclosed.
- What does Clearlake Capital do?
- Clearlake Capital Group, L.P. and Francisco Partners are global private equity firms with a strong track record of investing in growing software platforms.
- Where are Clearlake Capital and Synopsys based?
- Synopsys is based in Sunnyvale, California, United States.
- Who are the decision-makers at Clearlake Capital?
- Fundz holds 1 contact at Clearlake Capital. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Digits completes acquisition of Basis Finance to accelerate FP&A roadmap (June 17, 2024)
- Access Bank solidifies its presence in East Africa with acquisition of African Banking Corporation of Tanzania (ABCT) Limited (June 11, 2024)
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Frequently asked
Who acquired Synopsys?
Synopsys was acquired by Clearlake Capital. The deal was reported on May 6, 2024. Clearlake Capital Group, L.P. and Francisco Partners are global private equity firms with a strong track record of investing in growing software platforms. Clearlake Capital is privately held and operates in Financial Services.
When did Clearlake Capital acquire Synopsys?
Clearlake Capital's acquisition of Synopsys was reported on May 6, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Synopsys do?
Synopsys, Inc. (NASDAQ: SNPS) is the Silicon to SoftwareTM partner for innovative companies developing the electronic products and software applications we rely on every day. It is publicly traded (SNPS), operating in Information Technology, and is based in Sunnyvale.
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