Synopsys Inc. Sells Software Integrity Group to Clearlake Capital and Francisco Partners for $2.1 Billion in a Cash Payment of Up to $475 Million

Synopsys Inc. is set to sell its Software Integrity Group business to Clearlake Capital Group L.P. and Francisco Partners for up to $2.1 billion in a deal that includes a cash payment of up to $475 million contingent upon specified returns achieved by Francisco Partners and Clearlake in future liquidity transactions. The business will operate independently as a provider of application security testing software once the transaction is completed, which is anticipated to finalize in the latter half of 2024 pending customary closing procedures and regulatory approvals.

Synopsys’ Software Integrity Group offers software solutions that streamline software development processes, fostering innovation while managing business risks. Its extensive range of software security products works seamlessly with third-party and open-source tools, allowing companies to tailor their security programs to their particular needs. The transaction was approved unanimously by Synopsys’ board of directors and publicly announced on May 6, 2024.

For more detailed information about the transaction, refer to the official press release linked here: [insert link].