Synopsys to sell its software integrity business to Clearlake Capital and Francisco Partners
Synopsys has entered into a definitive agreement with Clearlake Capital Group, L.P. and Francisco Partners for the sale of its Software Integrity Group business in a transaction with a total value of up to $2.1 billion. The transaction includes up to $475 million in cash payable upon Francisco Partners and Clearlake achieving a specified rate of return in connection with one or