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New Deal


Announced

Completed

Ericsson-backed Cradlepoint completed the acquisition of Ericom Software.

Financials

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

Tags

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Majority

United States

Acquisition

Software

web isolation

Completed

Private

Domestic

Single Bidder

Friendly

Synopsis

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Ericsson-backed Cradlepoint, a telecommunications equipment company, completed the acquisition of Ericom Software, a web isolation services provider. Financial terms were not disclosed. "The combination of Cradlepoint’s expertise in enterprise networking and Ericom’s innovative SSE and zero trust security solutions will create a powerful capability to meet the increasing demand for cloud-based secure network solutions. The acquisition enhances our ability to meet the cybersecurity needs of global enterprises as they accelerate their rapid adoption of 5G technologies. We look forward to this exciting new chapter and its opportunities," David Canellos, Ericom CEO.

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