Announced
Financials
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Tags
United States
application security
software testing firm
Software
Acquisition
Disposal
Domestic
Majority
Private Equity
Private
Pending
Friendly
Single Bidder
Synopsis
Private equity firms Clearlake Capital and Francisco Partners agreed to acquire Software Integrity Group, an application security testing software provider, from Synopsys, an American electronic design automation company, for $2.1bn. "As security becomes more embedded in DevOps workflows, we believe the demand and importance of application security testing providers will continue to rise. We are ready to leverage Clearlake's O.P.S.® framework to foster operational enhancements, build upon the Software Integrity Group's robust product offering, and fuel new growth as a standalone enterprise," Behdad Eghbali, Clearlake Co-Founder and Managing Partner.
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