$2Bn Worth Synopsys Unit To Be Acquired By Private Equity Firm

Synopsys’ software integrity (SIG) unit is reported to be in the acquisition table of a private equity consortium led by Clearlake Capital and Francisco Partners.

The sources claim that Clearlake and Francisco Partners have defeated other equity companies and is leading upfront in this acquisition run.

Clearlake and Francisco Partners are known to be the final bidder for the purchase of the Synopsys‘ software integrity (SIG) unit. The Synopsys’ software integrity (SIG) unit is valued at more than $2 billion, according to sources familiar with the process. 

If negotiation processes go well, the contract may be disclosed as early as next week, the sources said. With a $79 billion market valuation, Synopsys declared in 2023 that it intended to sell up its SIG division.

Software developers can use the Synopsys (SIG) unit’s application security testing services. The announcement follows the UK-based business’s January $35 billion agreement to acquire Ansys, a provider of design software.

The comapny stated that by combining its knowledge of semiconductor electronic design automation with Ansys’ simulation and analysis capabilities, the business will become a major force in silicon-to-systems design solutions.

“Synopsys to sell software unit to private equity firms for more than $2bn” a brand owned by GlobalData stated. 

Francisco Partners and Clearlake aren’t newbies to business. Perforce Software, that provides application development tools for business customers such as data storage company Seagate Technology, Japanese conglomerate Toshiba, and telecom equipment manufacturer Motorola Solutions, is currently jointly owned by the two companies.