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New Deal


Announced

Clearlake Capital and Francisco Partners to acquire Software Integrity Group from Synopsys for $2.1bn.

Financials

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Transaction Value£1,671m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

application security

software testing firm

Software

Acquisition

Disposal

Domestic

Majority

Private Equity

Private

Pending

Friendly

Single Bidder

Synopsis

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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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