The Synopsys Software Integrity Group was acquired by a joint effort between Clearlake Capital Group and Francisco Partners. Following this acquisition, the group was re-established as an independent application security company operating under the name Black Duck Software, Inc.
Details of the Acquisition
The acquisition, completed in 2024, involved the complete transfer of the Synopsys Software Integrity Group from Synopsys to the new ownership. This strategic move by Clearlake Capital Group and Francisco Partners aimed to carve out a specialized entity dedicated solely to application security, allowing it to operate independently and focus on its core mission.
Key Parties Involved in the Transaction
| Role | Entity Name | Description |
|---|---|---|
| Acquirers | Clearlake Capital Group | A prominent private equity firm with a strong track record of investments across various sectors, including technology, industrials, and consumer. |
| Acquirers | Francisco Partners | A leading global investment firm exclusively focused on partnering with technology and technology-enabled services businesses. They are known for their expertise in transforming and growing software companies. |
| Acquired | Synopsys Software Integrity Group | Previously a critical division of Synopsys, this group provided a comprehensive portfolio of application security testing (AST) solutions designed to integrate security into the software development lifecycle. |
| New Entity | Black Duck Software, Inc. | The newly formed, independent application security company that emerged from the acquisition. It continues the legacy of the former Synopsys Software Integrity Group, providing software security solutions and operating as a distinct corporate entity. This name signifies its renewed focus and independence in the cybersecurity landscape. |
The Establishment of Black Duck Software, Inc.
The conclusion of the acquisition marked a significant transition for the former Synopsys Software Integrity Group. By becoming Black Duck Software, Inc., the entity gained newfound independence, allowing it to pursue dedicated strategies and innovations in the application security market. This spin-off under new leadership is expected to enhance its capabilities and market presence as a standalone leader in securing modern software applications.
