Puppet, an infrastructure automation software platform that allows customers to distribute, update, monitor, and protect software across physical and virtual servers, has been acquired by Perforce Software – a company backed by Francisco Partners and Clearlake Capital Group. The transaction’s financial specifics were not disclosed.

Puppet’s solutions help businesses on their digital transformation journeys by increasing efficiency, reducing errors, improving security, and speeding up software delivery for DevOps teams. Puppet was an early developer of what is now referred to as ‘infrastructure-as-code.’

Puppet’s open source and commercial solutions have helped over 40,000 businesses, as the company’s infrastructure automation technology helps customers improve their security posture, compliance, and business resiliency beyond the data center and into the cloud.

The acquisition is scheduled to conclude in the second quarter of 2022, subject to usual closing conditions.

“This acquisition expands our product offering by adding new capabilities for enterprise DevOps teams to manage and secure their critical infrastructure,” said Mark Ties, Chief Executive Officer (CEO) at Perforce Software. “With Puppet, we will be providing our customers with access to a product portfolio that enables them to drive innovation on a global scale. We look forward to welcoming the Puppet team and continuing to offer the level of customer support, services, and community Puppet has established in the market.”

Addressing Complex Automation Issues

Photo  Yvonne Wassenaar, CEO at Puppet
“Going forward, however, we believe enterprise customers are looking for strategic partners who can provide more breadth and depth across the entire DevOps lifecycle. Integrating Puppet into Perforce does just that,” said Yvonne Wassenaar, CEO at Puppet.

“Puppet has been in the DevOps space for over 15 years with a focus on infrastructure-as-code and operators. Going forward, however, we believe enterprise customers are looking for strategic partners who can provide more breadth and depth across the entire DevOps lifecycle. Integrating Puppet into Perforce does just that,” said Yvonne Wassenaar, Chief Executive Officer (CEO) at Puppet. “As part of Perforce, we believe we will be better positioned to service the breadth of DevOps needs our customers have while accelerating our own innovation to ensure customers can deliver, operate and automate their infrastructures at scale in the data center, across clouds, and out to the edge.”

The addition of Puppet would complement Perforce’s existing DevOps portfolio, allowing the company to maintain its emphasis on DevOps at scale and address some of the world’s most complex automation issues. Puppet, like Perforce Software, provides solutions to some of the world’s major enterprises, including banks and technology firms. The merged firm will assist in driving innovation at its combined customer base, which comprises 40 Fortune 50 organizations.

“With this strategic acquisition, Perforce is positioned to capitalize on market tailwinds driving demand for IT infrastructure automation,” said Evan Daar, Partner at Francisco Partners, and Sean Courtney, Senior Vice President at Clearlake, in a joint statement. “The addition of Puppet further enhances the capabilities Perforce can offer to its valued customers, and we look forward to catalyzing this opportunity to drive continued momentum for the platform.”

Backed by Investment Companies

Founded in 2006, Clearlake Capital’s main target industries are technology, industrials, and consumer. Clearlake presently manages more than $72 billion in assets, and its top investment principals have led or co-directed more than 300 transactions. The company is based in Santa Monica, California, with affiliates in Dallas, Texas, London, United Kingdom, and Dublin, Ireland.

Francisco Partners has invested in over 400 technology businesses since its inception over 20 years ago, making it one of the most active and long-standing investors in the field. The business invests in opportunities where its extensive sectoral knowledge and operational experience can help firms reach their full potential, with around $38 billion in assets under management.