Synopsys to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
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Highlights: Transaction will establish the Software Integrity Group as a newly independent, leading application security testing software provider. The transaction, valued at up to $2.1 billion, is...
Synopsys seals a $2.1 billion deal with Clearlake Capital Group, L.P. and Francisco Partners, elevating its focus on core chip design by divesting its Software Integrity Group business to a new standalone entity. Led by existing management, the move aims to revolutionize software development, enhancing innovation while mitigating business risks.
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