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Fisker s Austria unit begins insolvency proceedings
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Synopsys to Sell Software Unit to Clearlake, Francisco in $2 1 Billion Deal
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Synopsys will sell its
software integrity unit to a private equity consortium led
by Clearlake Capital and Francisco Partners in a deal valued at
$2.1 billion, the chip designer said on Monday. .
-Synopsys will sell its software integrity unit to a private equity consortium led by Clearlake Capital and Francisco Partners in a deal valued at $2.1 billion, the chip designer said. -May 06, 2024 at 10:35 am EDT
- MarketScreener
Reuters reported last week that the group had outbid competitors and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era." Synopsys announced plans in late 2023 to divest its SIG unit.
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