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Clearlake and Francisco Partners Complete Acquisition of Black Duck Software, Formerly Known as Synopsys Software Integrity Group

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The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation

SANTA MONICA, Calif. and SAN FRANCISCO, Oct. 1, 2024 /PRNewswire/ — Clearlake Capital Group (“Clearlake“) and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. (“Black Duck”). The transaction with Synopsys, Inc. (Nasdaq: SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Francisco Partners achieving a specified rate of return in connection with one or more liquidity transactions.

The new Black Duck brand is inspired by its flagship software supply chain solution, Black Duck SCA, which has helped thousands of organizations around the world adopt open-source technology safely and securely for nearly 20 years.

As an independent company, Black Duck provides all the application security solutions previously available from the Synopsys Software Integrity Group. Black Duck’s mission is to help organizations build trust in their software so they can innovate and transform their businesses with new, emerging technologies like AI.

Veteran security leader Jason Schmitt, who joined Synopsys in 2020 as the general manager of the Software Integrity Group, will continue to lead Black Duck as its Chief Executive Officer. Black Duck also announced that it has appointed Joy Meier as Chief Human Resources Officer and General Counsel. The remainder of the existing Software Integrity Group’s leadership team will continue in their roles at Black Duck.

“We are excited to continue our partnership with Jason and the entire Black Duck management team as the company begins the next step of its journey as a standalone business,” said Brian Decker and Evan Daar, Partners at Francisco Partners. “Alongside Clearlake, we are excited to help extend the company’s leadership in the industry as a comprehensive next-generation application security testing provider. This next stage of growth will better serve its customers, while protecting their mission-critical software applications, and we are looking forward to bringing additional resources and expertise to keep accelerating its growth.”

“Black Duck provides critical technology that supports and enables enterprise-scale software development teams to protect their applications against rapidly evolving cybersecurity threats,” said Prashant Mehrotra, Partner, and Sean Courtney, Principal, at Clearlake. “We are committed to supporting Black Duck as it continues to innovate and address the increasing demands for cutting-edge application security solutions with the help of our O.P.S.® value creation framework.”

As a recognized market leader, Black Duck provides a comprehensive portfolio of application security products and services. As a newly independent company with a singular vision and focus, Black Duck is better positioned to deliver the leading solutions the market has come to expect.

“We’re excited to complete our transition from Synopsys to Black Duck with the support of Clearlake and Francisco Partners,” said Jason Schmitt, CEO of Black Duck. “I am proud of what we have accomplished to get here, and I am optimistic about our future as an independent company. With a comprehensive portfolio of application security solutions underpinned by differentiated technology and a talented team of experts, we enter the next phase of our journey with momentum and a renewed focus to help our customers build trust in their software.”

Black Duck’s portfolio, which has been named a Leader in the Gartner® Magic Quadrant™ for Application Security Testing1 for seven consecutive years, includes:

Polaris™ SaaS PlatformCoverity® Static AnalysisBlack Duck Software Composition AnalysisWhiteHat™ Continuous Dynamic AnalysisSeeker® Interactive AnalysisDefensics® Protocol FuzzingSecurity Testing, Consulting, and Audit Services

For more information, read Jason Schmitt’s blog post and visit Black Duck’s new website: www.blackduck.com.

Evercore, Deutsche Bank, and Barclays acted as financial advisors to Clearlake and Francisco Partners. Sidley Austin acted as lead legal advisor to Clearlake and Francisco Partners. Simpson Thacher & Bartlett also advised Francisco Partners. J.P. Morgan served as financial advisor and Cleary Gottlieb Steen & Hamilton served as legal advisor to Synopsys.

About Clearlake Capital
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic 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 $85 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland Singapore and Abu Dhabi, UAE. More information is available at www.clearlake.com.

About Francisco Partners
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch 25 years ago, Francisco Partners has invested in more than 450 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

About Black Duck Software, Inc.
Black Duck Software, formerly known as the Synopsys Software Integrity Group, offers a comprehensive portfolio of application security testing solutions. The company helps organizations around the world secure their software quickly, integrate security efficiently in their development environments, and safely innovate with new technologies. To learn how Black Duck can help you build trust in your software, visit www.blackduck.com.

1. Gartner, Inc. “Magic Quadrant for Application Security Testing” by Mark Horvath, Dale Gardner, Manjunath Bhat, Ravisha Chugh, Angela Zhao, May 17, 2023.

Media Contacts:

Contacts:

Clearlake: 
Jennifer Hurson
Lambert
jhurson@lambert.com 

Francisco Partners:
Whit Clay / Jake Cohen
Sloane & Company
wclay@sloanepr.com / jcohen@sloanepr.com 

Black Duck:
Liz Samet
Black Duck Software, Inc.
336.414.6753
esamet@blackduck.com

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SOURCE Clearlake Capital Group

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DELTA ELECTRONICS’ ENERGY-EFFICIENT PRECISION COOLING TECHNOLOGY TAKES CENTER STAGE AT DATA CENTRE WORLD ASIA 2024

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SINGAPORE, Oct. 2, 2024 /PRNewswire/ — Delta, a global leader in power management and provider of IoT-based smart green solutions, is set to showcase its state-of-the-art precision cooling technology at Data Centre World (DCW) Asia 2024, happening from October 9-10 at the Marina Bay Sands, Singapore. Seamlessly blending infrastructure with design innovation, Delta will highlight its exemplary solutions at DCW 2024, including the Air-Assisted Liquid Cooling (AALC) system and the Coolant Distribution Unit (CDU), both designed for efficient circuit separation in high-performance computing.

“Our commitment to boosting data center sustainability is reflected in our innovative energy storage solutions, which are integral to our next generation of data centers,” said Mr David Leal, Vice President of SEA Business, Delta. “By tackling power resilience and reliability head-on, we’re not only enhancing operational efficiency but also ensuring that our customizable solutions provide unmatched reliability and cooling measures, whether for retrofitting existing facilities or supporting scalable growth in new projects.”

As AI technology progresses, the demand for more powerful and efficient servers continues to grow. High-performance servers, with central processing units or graphics processing units as their most energy-intensive components, necessitate advanced cooling solutions to manage increasing energy consumption.

At DCW Asia 2024, Delta will present its AALC system designed for High-Performance Computing and Artificial Intelligence workloads in data centers. The AALC offers a closed-loop liquid solution, eliminating the need for raised floors or facility piping, and delivers cooling density 2.5 times greater than air cooling with minimal power consumption (<3%). Additionally, Delta’s AALC includes customizable options to ensure reliability through redundant components and hot-swappable features, making it an ideal choice for data center retrofits and scalable growth.

Also on display will be the CDU, an essential component in liquid cooling systems that distributes coolant or water evenly throughout the system. Delta’s CDU elevates high-performance computing by efficiently separating facility and secondary circuits, with precise control of overflow, pressure, temperature, and coolant quality, while ensuring high reliability through a 10″ LCD monitoring screen, pump failure prediction, stainless steel piping, a 50-micron filter, redundant sensors, and water leakage detection, all designed to enhance operational reliability and minimize data center Power Usage Effectiveness.

Delta remains dedicated to developing smart, sustainable solutions that meet the evolving needs of modern data centers. By collaborating with ecosystem partners, Delta continues to innovate and strengthen the market with energy-efficient products that not only optimize performance but also contribute to a greener future.

DCW 2024 is held at the Marina Bay Sands, Singapore, from October 9-10 2024, and connects data center professionals, technologists, and business leaders with experts, solutions, and services to help accelerate digital transformation plans.

Learn more about Delta at DCW 2024 here.

–          End     –

ABOUT DELTA ELECTRONICS INT’L (Singapore)

The company is a wholly owned subsidiary of Delta Electronics, Inc.

ABOUT DELTA

Delta, founded in 1971, is a global leader in switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 13 consecutive years. Delta has also won CDP with double A List for three times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for seven consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

 

 

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SOURCE Delta Electronics

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Desay SV Honored as Most Popular Employer Among Employees in Forbes China Best Employer Selection 2024

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HUIZHOU, China, Oct. 2, 2024 /PRNewswire/ — Desay SV (002920.SZ), a leading mobility technology company, has been named the Most Popular Employer Among Employees in the Forbes China 2024 Best Employer Selection, standing out among 500 companies.

Forbes China has gathered over 500 samples and more than 100,000 questionnaires to identify benchmark companies excelling in digital intelligence, ESG, and employee popularity. Employees were asked to anonymously rate their companies in categories such as employer image, organizational management, talent development, work environment, compensation and benefits, and digital intelligence. Ten companies were selected as the most popular employers among employees. Desay SV’s achievement in this selection highlights its dedication to creating a work environment that fosters talent and prioritizes inclusivity, safety, and equality.

Gao Dapeng, the chairman and president of Desay SV, offered a perspective on the essence of corporate excellence. “True distinction for a company lies not merely in its profit margins, but in its contributions towards the well-being of its employees, the vitality of the local community, and the advancement of society at large,” Gao stated. Highlighting the company’s dedication to human resources excellence, he further elaborated, “Desay SV is deeply committed to the growth and development of our talent. We provide a holistic, cross-cultural, multidisciplinary, and multi-channel development platform, firmly anchored in our fundamental belief in fostering learning for growth and driving innovation for development.”

About Desay SV

Desay SV is a leading mobility technology company with R&D and service branches in Germany, Japan, Singapore, Spain, USA, etc. The company focuses on efficiently integrating smart cabin, smart drive, and smart service. Relying on 38 years of accumulation, Desay SV has excelled in R&D, design, quality management, and intelligent manufacturing. Desay SV’s continuous innovation and comprehensive capabilities earn the long-term trust of global customers, including Chery, Geely, SAIC, Toyota, Volkswagen, Volvo, etc., and have helped it rank 74th in the Automotive News 2024 top 100 global auto parts suppliers. For more information, please visit Desay SV online at www.desaysv.com or follow us on: https://www.linkedin.com/company/13690363

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SOURCE Desay SV

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Trend Micro launches AI-powered app to help combat Singapore’s growing scam problem

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New mobile app for consumers addresses rising concerns as more than 4 in 5 Singaporeans worry about family members falling victim to scams

SINGAPORE, Oct. 2, 2024 /PRNewswire/ — Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity, today announced the launch of Trend Micro Check, a multi-featured mobile app uniquely designed to help consumers identify potential scams and growing AI threats such as deepfakes. Trend Micro’s one-of-a-kind AI-powered solution allows consumers to submit content such as messages, ads, or social media posts to help them quickly determine if it can be trusted or not, and will also help them verify if a live video call is a deepfake.

Tim Falinski, VP Consumer Business, AMEA at Trend: “Scams are at the top of the list of online threats to consumers, and AI has made it easy for cybercriminals to scam innocent people. While they take advantage of new technology to cause harm, we do the opposite. We are leading the race against these threats and working tirelessly to stay ahead of them with our own AI capabilities.”

Scams have been a growing problem in Singapore, with victims losing S$651.8 million last year. A recent Trend Micro study of 1,020 Singaporean consumers revealed that 68% of respondents believed the volume and risk of online scams have gotten worse over the last year, and 85% stated they were worried a family member might become a victim of an online scam. In addition, 97% of consumers said they would take action if it would help protect themselves, their families, and others from the work of scammers. 

While 69% of respondents said they were somewhat or very confident they could identify online scams, 74% said they would still use an app that could help them quickly verify if an email, social media post, online ad, text message, or phone number was a scam.

“With more than $1 trillion lost by consumers worldwide to scams last year, more must be done to protect them” said Jorij Abraham, Managing Director of the Global Anti-Scam Alliance. “As our first Foundation Partner, Trend Micro is clearly committed to stopping this problem by delivering tools like the AI-powered capabilities in Trend Micro Check, and by supporting and participating in the important work we do. We applaud Trend’s dedication to this cause and their technical leadership in using AI against the misuse of AI.”

Online scammers have been successful in part because AI tools allow them to create deceptive content that in turn elicits an emotional response from consumers. With a tool like Trend Micro Check, consumers can proactively block scams before seeing them, receive real-time alerts about scams before they can do harm, and most importantly, easily and instantly verify if something is a scam before they can be deceived by it. The app offers a powerful and unique set of features including:

•  Scam Check: AI-powered tool providing real-time assessment of the likelihood that content (e.g. social ad, text or email message, website URL or more) is a scam. The tool returns an easy-to-understand summary of the potential security concerns, along with recommended actions.
•  Deepfake Scan: Identifies potential AI “face-swapping” scam attempts during live video calls.
•  SMS Filter: Automatically filters out spam and scam text messages before it hits the inbox.
•  Web Guard: Blocks risky websites and filters out suspicious ads.

Trend Micro Check is now available to download for iOS and Android devices in select countries. For additional details about Trend Micro Check, including device requirements and feature and language availability, visit https://www.trendmicro.com/tmcheck.

As part of its mission to fight back against online scams, Trend Micro will also be Chairing the Cybersecurity Scam Prevention and Investigations track at the Global Anti-scam Alliance Summits in Singapore on October 21-22, and in Washington D.C. on November 12-13, 2024. For more information or to register for the summits, visit: https://www.gasa.org/all-events.

About Trend Micro 
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s AI-powered cybersecurity platform protects hundreds of thousands of organisations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, Trend’s platform delivers a powerful range of advanced threat defense techniques optimised for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 70 countries, Trend Micro enables organisations to simplify and secure their connected world. www.TrendMicro.com.

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SOURCE Trend Micro

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