Perforce Has Acquired Rogue Wave Software

Rogue Wave Software Profile

  • Rogue Wave Software, a portfolio company of Audax Private Equity, is a leading independent provider of cross-platform software development tools and embedded components
  • With more than 5,600 customers worldwide, Rogue Wave provides market-leading solutions that help enterprises optimize software development and build, connect and secure enterprise applications
  • Founded in 1989, Rogue Wave is headquartered in Louisville, Colorado

Perforce Profile

  • Perforce Software, a portfolio company of Clearlake Capital, develops and sells the leading platform for DevOps at enterprise scale
  • The company's platform is the foundation for enterprise-scale technology development enabling modern team collaboration, source code management, continuous quality/testing and agile lifecycle management
  • Perforce solutions provide the quality, security and control required by enterprise IT organizations, via developer / end-user-friendly products, enabling mid-to-large scale development teams to innovate faster
  • Perforce was founded in 1995 and is headquartered in Minneapolis

Transaction Notes

  • Perforce’s acquisition of Rogue Wave was announced on January 22, 2019; financial terms were not disclosed
  • “This transformational acquisition further expands our global footprint and broadens our offerings. Rogue Wave’s software suite strengthens Perforce’s existing static code analysis and automated test offerings, and also adds new capabilities in the areas of dynamic code analysis, API management, project visualization, developer productivity, and embedded analytics. Together with Rogue Wave, Perforce will continue to drive value for enterprises that value scalability, speed and security.” – Mark Ties (CEO, Perforce)
  • "It has never been more important to deliver high-quality products and solutions quickly. Rogue Wave is a software platform of choice for enterprise clients that value stability and security. Our team and technology are a great fit with Perforce and we look forward to providing our combined customer base with solutions for more of their DevOps needs.” – Brian Pierce (CEO, Rogue Wave)
  • Shea & Company served as financial advisor to Rogue Wave’s Board of Directors and management team; in recent years, Shea & Company has advised on more than a dozen transactions in the DevOps and Development Tools market, including the sales of Gurobi, Idera, Perfecto and Perforce, and growth capital raises for OutSystems and VersionOne
Financial terms not disclosed
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Shea & Company served as financial advisor to Rogue Wave and Audax Private Equity