Today, we announced we have entered into a definitive agreement to acquire the Software Integrity Business assets from Synopsys Inc, a leading provider of trusted and comprehensive silicon to systems design solutions. With a total value of up to $2.1 billion, this joint investment alongside Clearlake Capital Group will establish the Software Integrity Group as an independent application security testing software provider. The new standalone company will provide integrated software solutions that transform the way development teams build and deliver software, accelerating innovation while addressing business risk and allowing organizations to build the security program that is best for them. "We are excited to partner with Synopsys to complete the carve-out of its Software Integrity Group, a leading provider of application security testing solutions," said Dipanjan Deb, Co-Founder and CEO of Francisco Partners. "Francisco Partners has a long history of working with leading technology companies to carve-out divisions and business units that can benefit from greater focus and flexibility as standalone entities, and where our Francisco Partners Consulting operating team can bring resources and expertise to help accelerate growth.” Read more about our investment here: https://lnkd.in/eEX6Xa5G
Congratulations! #MergerLinks #Software
They will eat you up and leave pieces. All they want us the data careless about the employees
Looking forward to see the outcomes of the new setup!
Kevin Wei congrats to you and FP on the portfolio addition of yet another promising deal :)
Congrats to the FPC and Clearlake teams.
Awesome news! Congrats!
Exciting times!
it engineer
5moWhat about synopsis Inc employees. Do you continue with them and their knowledge so that customers can't get disturb