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New Deal


Announced

Absolute Software to acquire NetMotion for $340m.

Financials

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Transaction Value£240m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United States

Single Bidder

security solutions

Friendly

Cross Border

Private

remote monitoring

Majority

Security Services

Pending

Synopsis

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Absolute Software, a provider of security software solutions, agreed to acquire NetMotion, a provider of connectivity and security solutions, for $340m. “A modern security posture will require organizations to have complete visibility that extends from the endpoint to the edge, capable of delivering intelligence into the state and health of devices, applications, and network connections. And, they need the ability to make every endpoint, app, and connection resilient and capable of autonomously self-healing if they fail or go offline. This is why I am thrilled to welcome NetMotion to the Absolute family. Together, we are poised to accelerate Endpoint Resilience for our customers – both today and as their security approaches continue to evolve," Christy Wyatt, Absolute President and CEO

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