Synopsys Inc.
Synopsys Announces Sale of Software Integrity Business to Clearlake and Francisco Partners
Summary
On May 5, 2024, Synopsys, Inc. announced the sale of its Software Integrity business unit to funds affiliated with Clearlake Capital Group, L.P. and Francisco Partners for up to $2.1 billion. The transaction is expected to close in the second half of 2024, subject to customary closing conditions. This move will establish the Software Integrity Group as a newly independent application security testing software provider, allowing Synopsys to sharpen its focus on its core design automation and design IP businesses.
Profitelligence Alerts
Get alerts for SNPS
Be first to know when Synopsys Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Synopsys Inc.
Synopsys Inc. is a leading provider of electronic design automation software, offering comprehensive solutions essential for designing and testing integrated circuits and electronic systems. Their software facilitates complex chip design processes, catering to a wide spectrum of industries, including semiconductor, automotive, and consumer electronics. One of Synopsys's key offerings is its advanced verification platform, which enhances the reliability and performance of electronic products. The company also plays a pivotal role in advancing chip design technology through its robust intellectual property portfolio, offering Silicon-proven IP that accelerates time-to-market for semiconductor companies. Headquartered in Mountain View, California, Synopsys is integral to the semiconductor design and verification cycle, supporting innovation in various tech sectors. Its tools are indispensable in conducing the unyielding complexity and shrinking design cycles synonymous with modern electronics, underscoring its market significance.
Official SEC Documents
Advertisement