PRESS RELEASE. MINNEAPOLIS, Feb. 14, 2024 /PRNewswire/ - Perforce Software, a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle that is backed by Francisco Partners and Clearlake Capital Group, L.P., announced today that it has signed a definitive agreement to acquire Delphix.
Delphix's industry-leading Data Management software platform enables scalable automation, governance, and compliance of enterprise data throughout the application lifecycle.
Many enterprise organizations today consider data to be one of their most important assets.
The ability to harness, mine and analyze data generated daily is critical to making thoughtful decisions and creating competitive advantages.
Delphix supports customers as they look to scale data usage for analytics and testing purposes, while releasing applications up to 200% faster.
The Company's capabilities in data virtualization and data masking allow organizations to more easily spin up, refresh, and tear down private and public cloud-based data environments, enhancing application delivery pipelines.
The addition of Delphix builds on Perforce's existing infrastructure automation offering through acceleration of on-demand delivery, self-service test environments, and continuous testing offerings to deliver Shift Left testing with accurate, compliant, and timely test data.
With this acquisition, Perforce continues to demonstrate its commitment to provide customers with scaled DevOps solutions that help solve the world's largest enterprises' automation challenges.
Centerview Partners acted as exclusive financial adviser to Delphix in connection with the transaction.
Delphix is a leading vendor of test data management software.
Delphix's solutions allow companies to automate data security measures, rapidly deploy test data to developers, and shorten application development cycles.
More than 30% of the Fortune 100 companies have transformed their application development with Delphix.
To learn more about Delphix and its product offering, visit www.
Perforce solutions future-proof competitive advantage by driving quality, security, compliance, collaboration, and speed - across the technology lifecycle.
Perforce is trusted by the world's leading brands to deliver solutions to even the toughest challenges.
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses.
Since its launch nearly 25 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry.
With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.
With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials, and consumer.
Clearlake currently has over $75 billion of assets under management, and its senior investment principals have led or co-led over 400 investments.
This Cyber News was published on www.darkreading.com. Publication date: Thu, 15 Feb 2024 22:25:28 +0000