MINNEAPOLIS, Sept. 30, 2021 /PRNewswire/ -- Perforce
Software ("Perforce"), a provider of solutions to enterprise
teams requiring productivity, visibility, and scale along the
development lifecycle, backed by Clearlake Capital Group, L.P.
(together with its affiliates, "Clearlake") and Francisco Partners,
announced today that it has agreed to acquire the BlazeMeter
Continuous Testing ("BlazeMeter CT") platform from Broadcom Inc.
(NASDAQ: AVGO). Financial terms were not disclosed.
This acquisition builds on Perforce's growing application
quality portfolio, comprised of the industry-standard web and
mobile testing platform, Perfecto, and static application security
testing products (Klocwork and QAC).
"The addition of BlazeMeter CT reinforces our focus on the
application quality market," said Mark Ties, CEO and President,
Perforce. "With Perfecto, our presence in SAST, and now BlazeMeter,
Perforce can continue solving the most difficult quality challenges
in DevOps for our global customer base. We look forward to working
with the talented BlazeMeter team to increase the speed and
accuracy of testing, so our customers can deliver innovation faster
and with more confidence."
BlazeMeter CT is a complete, integrated, continuous testing
platform built on and fully compatible with open source. Used by
some of the largest global enterprises, BlazeMeter CT provides a
single solution for application quality for all teams across the
CI/CD pipeline. The SaaS-based platform is a Gartner Peer Insights
Customers' Choice for Software Test Automation.
BlazeMeter CT is built on BlazeMeter, a preferred solution for
load and performance testing, and includes additional, unified
functionality including API testing and monitoring in a single
unified platform which allows organizations to speed digital
transformation, by shifting testing left, and right.
"We have long admired BlazeMeter CT and believe its
developer-oriented and open-source SaaS platform sets it apart from
other continuous testing providers," said Paul Huber, Principal at Clearlake, and
Evan Daar, Principal at Francisco
Partners, in a joint statement. "The addition of BlazeMeter CT
further enhances the capabilities Perforce can offer to its valued
customers and we look forward to leveraging this opportunity to
drive accelerated growth for the platform."
"This is a great opportunity for BlazeMeter to join
forces with Perforce, where it will benefit tremendously from the
widespread community support and broad open-source development
partner ecosystem that Perforce is known for," said
Serge Lucio, vice president and
general manager, Enterprise Software Division, Broadcom. "We are
proud of the accomplishments this team has made in building this
exceptional product and expect this transition to help BlazeMeter
and its customers flourish and grow in the broader market. Combined
with Perforce strengths in mobile testing, its focus on the DevOps
ecosystem, and its broad portfolio of developer and tester focused
solutions, we believe BlazeMeter will be in an ideal position to
further execute on its vision."
"Customer engagement has gone almost completely digital
requiring organizations to deliver stellar customer experiences to
remain competitive," said Tim
Russell, Chief Product Officer, Perforce. "The addition of
the BlazeMeter Continuous Testing platform expands our solution
enabling organizations to accelerate the delivery of quality
experiences."
Completion of the acquisition is subject to customary closing
conditions, and the transaction is expected to close in
October 2021.
To learn more about the BlazeMeter Continuous Testing Platform
visit www.BlazeMeter.com.
About Perforce
Perforce powers innovation at unrivaled scale. Perforce
solutions future-proof competitive advantage by driving quality,
security, compliance, collaboration, and speed – across the
technology lifecycle. We bring deep domain and vertical expertise
to every customer, so nothing stands in the way of success.
Privately held and funded by Clearlake Capital and Francisco
Partners, our global footprint spans more than 80 countries and
includes over 75% of the Fortune 100. Perforce is trusted by the
world's leading brands to deliver solutions to even the toughest
challenges. Accelerate technology delivery, with no shortcuts. Get
the Power of Perforce.
About Clearlake Capital
Founded in 2006, Clearlake Capital Group, L.P. is an investment
firm, operating integrated businesses across private equity, credit
and other related strategies. With a sector-focused approach, the
firm seeks to partner with world class 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
industrials, consumer, technology. Clearlake currently has over
$43 billion of assets under
management, and its senior investment principals have led or co-led
over 300 investments. The firm has offices in Santa Monica and
Dallas. More information is
available at www.clearlake.com and on Twitter
@ClearlakeCap.
About Francisco Partners
Francisco Partners is a leading global investment firm that
specializes in partnering with technology and technology-enabled
businesses. Since its launch over 20 years ago, Francisco Partners
has invested in more than 300 technology companies, making it one
of the most active and longstanding investors in the technology
industry. With more than $25 billion
in assets under management, 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 Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a global technology leader
that designs, develops and supplies a broad range of semiconductor
and infrastructure software solutions. Broadcom's category-leading
product portfolio serves critical markets including data center,
networking, enterprise software, broadband, wireless, storage and
industrial. Our solutions include data center networking and
storage, enterprise, mainframe and cyber security software focused
on automation, monitoring and security, smartphone components,
telecoms and factory automation. For more information, go to
https://www.broadcom.com.
Media Contacts
PERFORCE U.S.
Grace Bonacum
PAN Communications
Ph: +1 617 502 4300
perforce@pancomm.com
PERFORCE UK/EMEA
Maxine Ambrose
Ambrose Communications
Ph: +44 118 328 0180
perforcepr@ambrosecomms.com
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SOURCE Perforce Software