Clearlake-Backed Perforce Acquires Rogue Wave Software

Palo Alto – January 29, 2019 – Cooley advised Clearlake Capital Group-backed Perforce Software on its agreement to acquire Rogue Wave Software, a leading independent provider of cross-platform software developer tools and embedded components. Partner Mehdi Khodadad led the Cooley team advising Perforce on the transaction.

“This transformational acquisition further expands our global footprint and broadens our offerings,” said Perforce CEO Mark Ties in a statement. “Together with Rogue Wave, Perforce will continue to drive value for enterprises that value scalability, speed and security.”

The acquisition is Perforce’s sixth in the last two years, as the global provider of enterprise-grade DevOps-focused software solutions pursues an aggressive growth strategy to expand its portfolio across the technology development life cycle.

Cooley has a longstanding relationship with Clearlake, advising the private investment firm on various deals and portfolio matters since 2011. In November, Cooley advised Clearlake on its acquisition of healthcare software-as-a-service platform Symplr and, one month prior, advised Clearlake and Perforce on a pair of key acquisitions.

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