In the sale of its Software Integrity Group business, Synopsys Inc. is currently being represented by Cleary Gottlieb. The deal, approved unanimously by Synopsys’ board of directors, includes a cash payment of up to $475 million contingent upon specified returns achieved by Francisco Partners and Clearlake in future liquidity transactions. Once completed, the business will operate independently as a provider of application security testing software.
Synopsys’ Software Integrity Group offers software solutions that streamline software development processes, fostering innovation while managing business risks. Its extensive range of software security products works seamlessly with third-party and open-source tools, allowing companies to tailor their security programs to their particular needs.
For more detailed information about the transaction and its implications for Synopsys and the industry as a whole, refer to the official press release linked here: [insert link].