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BRIEF-Synopsys Enters Definitive Agreement To Sell Its Software Integrity Business To Clearlake Capital And Francisco Partners
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BRIEF-Synopsys Enters Definitive Agreement To Sell Its Software Integrity Business To Clearlake Capital And Francisco Partners
May 6, 2024 6:35 AM

May 6 (Reuters) - Synopsys Inc ( SNPS ):

* SYNOPSYS ENTERS DEFINITIVE AGREEMENT TO SELL ITS SOFTWARE

INTEGRITY BUSINESS TO CLEARLAKE CAPITAL AND FRANCISCO PARTNERS

* SYNOPSYS INC ( SNPS ): TRANSACTION, VALUED AT UP TO $2.1 BILLION

* SYNOPSYS INC ( SNPS ): EXISTING SOFTWARE INTEGRITY GROUP MANAGEMENT

TEAM

IS EXPECTED TO LEAD NEWLY INDEPENDENT, PRIVATELY HELD COMPANY

AFTER TRANSACTION CLOSES

Source text for Eikon:

Further company coverage:

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