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Synopsys logoSynopsys SNPS

The company said it completed the sale of its Software Integrity business on September 30, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it completed the sale of its Software Integrity business on September 30, 2024.

  2. Synopsys said it sold the Software Integrity business to companies controlled by funds affiliated with Clearlake Capital Group, L.P. and Francisco Partners.

  3. The company filed this report under Item 8.01 (Other Events) of Form 8-K, and the earliest event reported occurred on September 30, 2024.

  4. The company said the report was signed on October 1, 2024 by John F. Runkel, Jr., General Counsel and Corporate Secretary.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Completes Sale of Software Integrity Business

The company said it completed the sale of its Software Integrity business on September 30, 2024.

Source · Based on the filing body and exhibits

Buyers Are Funds Affiliated with Clearlake Capital Group and Francisco Partners

Synopsys said it sold the Software Integrity business to companies controlled by funds affiliated with Clearlake Capital Group, L.P. and Francisco Partners.

Source · Based on the filing body and exhibits

Filing Submitted Under Item 8.01 (Other Events)

The company filed this report under Item 8.01 (Other Events) of Form 8-K, and the earliest event reported occurred on September 30, 2024.

Source · Based on the filing body and exhibits

Signed and Filed on October 1, 2024

The company said the report was signed on October 1, 2024 by John F. Runkel, Jr., General Counsel and Corporate Secretary.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.