Clearlake Portfolio Company Acquires Methodics, Expanding DevOps Portfolio

MINNEAPOLIS, SAN FRANCISCO, and SANTA MONICA, July 20, 2020 – Perforce Software, Inc. (“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, today announced it has acquired Methodics Inc. (“Methodics”), a leading provider of intellectual property lifecycle management and traceability solutions for enterprises. The addition of Methodics further distinguishes Perforce in the DevOps market as a solution provider uniquely addressing the needs of some of the largest technology teams in the world facing extreme scale, time to market, and quality imperatives. Terms were not disclosed.

Perforce and Methodics previously had a strategic partnership in place, providing a fully integrated solution to manage IP from design all the way through production and reuse in the semiconductor industry. Many of the world’s top semiconductor companies already leverage Perforce and Methodics’ solutions for electronic design and data management.

“The semiconductor and embedded software design markets continue to expand, especially as they serve growing AI, automotive, cloud, and IoT markets,” said Mark Ties, Perforce CEO. “Together with Methodics, Perforce will enable these markets to drive faster time to market, higher quality, greater operational efficiency, and increased security and compliance at scale. We are also excited about the opportunity to extend this joint solution into gaming, automotive, and other industries.”

“The importance of collaboration between multisite and multi-geographic design teams continues to intensify. Methodics solutions enable critical collaboration while assuring full traceability and reuse of important design assets and their associated metadata,” said Simon Butler, Methodics CEO. “We are excited to join the Perforce team, and we are confident that this acquisition will enable us to meet the needs of the semiconductor and embedded systems markets, as well as gaming, automotive, and beyond.”

“Maxlinear has been using Perforce Helix and Methodics IP life cycle management solutions for the past few years to increase our productivity and introduce an IP reuse methodology at Maxlinear,” said Paolo Miliozzi, Vice President, SoC Technology at MaxLinear. “We are looking forward to the solutions that the combined companies will be able to deliver to us moving forward as MaxLinear continues to grow.”