Synopsys Sells its Application Security Testing Business
Synopsys, Inc. (NASDAQ: SNPS) today announced it has entered into a definitive agreement with Clearlake Capital Group, L.P. and Francisco Partners, two global private equity firms, for the sale of its Software Integrity Group business in a transaction with a total value of up to $2.1 billion. Upon completion of the transaction, the business will emerge as a newly independent application security testing software provider.
