Synopsys (SNPS) to Sell Software Integrity Business for $2.1B
Synopsys(SNPS) Zacks Investment Research·2024-05-07 22:30
Synopsys, Inc. (SNPS) , a leading provider of electronic design automation software solutions, has agreed to sell its Software Integrity Group business to two private equity firms — Clearlake Capital Group, L.P. and Francisco Partners — for as much as 1.5 billion upon the close of the transaction, another 475 million in cash payable upon achieving a specified rate of return. The transaction is anticipat ...