Perforce Software, a Minneapolis, MN-based provider of enterprise-grade development operations software solutions, received a new equity investment from Francisco Partners.
With the deal, expected to close in the second quarter of 2019, Francisco Partners will become an equal partner with affiliates of Clearlake Capital Group, L.P., which initially invested in Perforce in late 2017.
Financing and advisory services for the transaction will be provided by Credit Suisse, Deutsche Bank, and Ares.
The terms of the transaction were not disclosed.
Led by Mark Ties, CEO, Perforce is a provider of enterprise scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility and scale during all phases of the development lifecycle. Enterprises across the globe use its agile planning and ALM tools, automated mobile and web testing, developer collaboration, static code analysis, version control and repository management solutions.
Perforce serves innovative brands, including NVIDIA, Pixar, Scania, Ubisoft, and VMware.