Clearlake and Francisco Partners Acquire Synopsys' Software Integrity Group (Black Duck Software)

UltraViolet Cyber Acquires Black Duck's Application Security Testing Services Business

September 4, 2025

Cybersecurity

UltraViolet Cyber acquired Black Duck's Application Security Testing (AST) services business, integrating penetration testing, red teaming, threat modeling, cloud/container risk assessments, and secure development consulting into its unified security operations portfolio. Achieve Partners served as the equity sponsor for the transaction; Black Duck will retain its core software and SaaS offerings while its professional and managed AST services join UltraViolet to expand capability for commercial and federal clients.

Clearlake Capital Completes Acquisition of Quest Software from Francisco Partners

February 2, 2022

Cybersecurity

Clearlake Capital Group completed its acquisition of Quest Software from Francisco Partners, making Clearlake the majority shareholder and partnering with Quest’s existing management team to pursue a buy-and-build strategy. The investment aims to accelerate Quest’s cloud/SaaS adoption, expand its identity-centric cybersecurity, data intelligence, and IT operations management offerings, and drive growth organically and through M&A.

Synopsys Acquires Ansys

January 16, 2024

Software

Synopsys has acquired Ansys in a cash-and-stock transaction valued at about $35 billion, combining Synopsys' electronic design automation (EDA) and IP capabilities with Ansys' simulation and analysis portfolio to create an integrated "silicon-to-systems" engineering leader. The deal, announced January 16, 2024 and completed July 17, 2025, positions the combined company to deliver integrated multiphysics and EDA solutions across semiconductors, automotive, aerospace and other industries.

Synopsys Acquires Code Dx

June 8, 2021

Cybersecurity

Synopsys, Inc. acquired Code Dx, an application security risk management vendor based in Northport, New York, to extend Synopsys' application security portfolio and provide consolidated vulnerability aggregation, correlation, and prioritization across multiple testing tools. The deal adds Code Dx's R&D team and technology into Synopsys' Software Integrity Group to improve risk reporting and DevSecOps orchestration.

Vista Equity Partners Acquires Duck Creek Technologies

March 30, 2023

Cloud & SaaS

Vista Equity Partners has completed its all-cash acquisition of Duck Creek Technologies for $19.00 per share, valuing the company at approximately $2.6 billion. The deal takes Duck Creek private and pairs its cloud-based P&C insurance software platform with Vista’s enterprise software-focused investment platform to accelerate product and cloud adoption among insurance carriers.

Synopsys Acquires Intrinsic ID

March 20, 2024

Cybersecurity

Synopsys completed the acquisition of Intrinsic ID, a Netherlands-based provider of Physical Unclonable Function (PUF) semiconductor IP. The deal adds production-proven PUF technology and a team of R&D engineers in Eindhoven to Synopsys' semiconductor IP portfolio to strengthen on-chip security for SoC designers worldwide; the terms were not disclosed and the transaction was not material to Synopsys' financials.