Clearlake Capital Group and Francisco Partners-backed Perforce Software completed the acquisition of Methodics.

Clearlake Capital Group and Francisco Partners-backed Perforce Software, a provider of solutions to enterprise teams, completed the acquisition of Methodics, a provider of intellectual property lifecycle management and traceability solutions for the enterprise. Financial terms were not disclosed. "The semiconductor and embedded software design markets continue to expand, especially as they serve growing AI, automotive, cloud, and IoT markets. Together with Methodics, Perforce will enable these markets to drive faster time to market, higher quality, greater operational efficiency, and increased security and compliance at scale. We are also excited about the opportunity to extend this joint solution into gaming, automotive, and other industries," Mark Ties, Perforce CEO.