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Chip Designer Synopsys Sells Its Software Integrity Business For ~$2.1B - Synopsys (NASDAQ:SNPS)

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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Synopsys sells software integrity unit for $2.1 billion to PE group

Reuters reported last week that the group had outbid competitors and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era." Synopsys announced plans in late 2023 to divest its SIG unit. ....

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Synopsys to Sell Unit for as Much as $2.1 Billion to Private Equity Firms

(Bloomberg) Chip-design company Synopsys Inc. is selling its software integrity business to two private equity firms for as much as $2.1 billion in cash.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeJudge Threatens Trump With Jail Over Gag Order ViolationsTreasury Rally Risks Running Into a $125 Billion Brick WallBuffett Praises Apple After Trimming It, Drops Paramount StakeClearlake Capit ....

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