A leading provider of enterprise team solutions, Perforce Software was founded in 1995, as a developer of version control software. Over the last 25 years, the Minneapolis-based company has transformed its offerings, from entering the code collaboration market in 2013 to the expansion of its DevOps portfolio.
Today, the company serves more than 15,000 customers, from start-ups to globally recognized brands like Adidas, Samsung, Intuit, Pixar, Salesforce, and VMware. Perforce is backed by Santa Monica-based Clearlake Capital and Francisco Partners,
This month the company announced the acquisition of Methodics, a provider of intellectual property lifecycle management and traceability solutions for the enterprise.
"The semiconductor and embedded software design markets continue to expand, especially as they serve growing AI, automotive, cloud, and IoT markets," said Mark Ties, the Chief Executive Officer of Perforce. "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.”
Ties also noted that Perforce and Methodics would extend the combined companies' joint solutions across the automotive, gaming, and other industries.
Notably, the addition of Methodics to its portfolio strengthens Perforce's position in the DevOps market as a solution provider. The acquisition will also improve how the company approaches the needs of the largest technology teams in the world as they face extreme scale, time to market, and quality imperatives.
Prior to the buyout, an existing strategic partnership was already established between the two companies. Perforce and Methodic provided a fully integrated solution to manage intellectual property, right from the design all the way through production as well as reuse in the semiconductor industry.
One company that has already benefitted from this partnership is Maxlinear, a California-based provider of highly integrated radio-frequency analog and mixed-signal semiconductor solutions for broadband communications applications.
"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."