PRESS RELEASE
MINNEAPOLIS, February 14, 2024 /PRNewswire/ — Perforce Software (“Perforce”), a provider of solutions for enterprise teams requiring productivity, visibility and scalability across the development lifecycle, supported by Francesco Partner AND Clearlake Capital Group, LP (together with its affiliates, “Clearlake”), announced today that it has signed a definitive agreement to acquire Delphix (or the “Company”). Delphix’s industry-leading data management software platform enables scalable automation, governance and compliance of enterprise data across the entire application lifecycle. Financial terms of the transaction were not disclosed.
“The addition of Delphix to our portfolio adds critical data management capabilities that help enterprise organizations build an automated and accelerated DevOps pipeline,” said Jim Cassens, CEO of Perforce. “In addition to automation and data compliance, we are also excited to offer our customers the operational efficiencies and cost reductions afforded by the Delphix platform through lower storage expenses and footprint. We look forward to working with the team Delphix to continue to deliver data management innovation to our customers.”
Many business organizations today consider data to be one of their most important assets. The ability to exploit, extract and analyze the data generated daily is fundamental to making informed decisions and creating competitive advantages. Delphix supports customers looking to scale data usage for analytics and testing by releasing applications up to 200% faster. The company’s capabilities in data virtualization and data masking enable organizations to more easily launch, upgrade and delete cloud-based public and private data environments, improving application delivery pipelines.
“We founded Delphix over 15 years ago to help companies automate data and accelerate digital transformation. Today we enable data governance, compliance and automation across multicloud for many of the world’s largest brands,” he said. said Jedidiah Yueh, CEO of Delphix. “As part of Perforce, we will be positioned to continue to innovate and help more customers realize the strategic power of our data platform.”
The addition of Delphix builds on Perforce’s existing infrastructure automation offering through on-demand delivery acceleration, self-service test environments, and continuous testing offerings to deliver Shift Left testing with accurate, compliant test data and timely. With this acquisition, Perforce continues to demonstrate its commitment to providing customers with scalable DevOps solutions that help solve the automation challenges of the world’s largest enterprises.
“This strategic acquisition allows Perforce to capitalize on the growing demand for enterprise-scale data management in testing, AI modeling and analytics,” said Evan Daar, partner at Francisco Partners, and Sean Courtney, senior vice president of Clearlake. “The addition of Delphix further enhances the capabilities Perforce can offer its valued customers, and we look forward to catalyzing this opportunity to drive continued momentum for the platform.”
The acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2024. Centerview Partners acted as exclusive financial advisor to Delphix in connection with the transaction.
About Delphix
Delphix is a leading provider of test data management software. Delphix solutions enable companies to automate data security measures, quickly distribute test data to developers, and shorten application development cycles. Over 30% of Fortune 100 companies have transformed their application development with Delphix. To learn more about Delphix and its product offerings, visit www.delphix.com.
About Perforce
Perforce powers innovation at scale. Perforce solutions future-proof a competitive advantage by promoting quality, security, compliance, collaboration and speed throughout the entire technology lifecycle. We provide each client with deep industry and vertical experience, so that nothing stands in the way of success. Privately managed and funded by Clearlake and Francisco Partners, our global presence spans more than 80 countries and includes more than 75% of the Fortune 100. The world’s leading brands rely on Perforce to provide solutions to even their toughest challenges . Accelerate technology delivery, without shortcuts. Gain the power of Perforce.
About Francisco Partners
Francisco Partners is a leading global investment firm specializing in partnering with technology and technology-enabled companies. 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 long-standing investors in the technology sector. With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sector knowledge and operational expertise can help companies realize their full potential. For more information about Francisco Partners, visit www.franciscopartners.com.
About Clearlake
Clearlake Capital Group, LP is an investment firm founded in 2006 that operates integrated businesses across private equity, credit and other related strategies. With an industry-focused approach, the company seeks to partner with management teams by providing patient, long-term capital to companies that can benefit from Clearlake’s operational improvement approach, OPS®. The company’s main target sectors are technology, industrial and consumer. Clearlake currently has more than $75 billion in assets under management and its principal investment officers have led or co-led more than 400 investments. The company is headquartered in Santa Monica, California, with branches in Dallas, Texas, London, United Kingdom, Dublin, Ireland and Singapore. More information is available at www.clearlake.com