Brussels, 2 August 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of the Software Integrity Business of Synopsys, Inc. by Clearlake Capital Group, L.P. (‘Clearlake’), and Francisco Partners Management, L.P. (‘Francisco Partners’), all of the US.
The transaction relates primarily to the provision of application security testing software tools and services.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11593.