Synopsys to sell software unit to Clearlake, Francisco in $2.1 bln deal
Synopsys to sell software unit to Clearlake, Francisco in $2.1 bln deal
Source: dunyanews.tv
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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.
Source: benzinga.com
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.
Source: yahoo.com