M&A Deal Summary

Absolute Acquires NetMotion Software

On May 11, 2021, Absolute acquired software company NetMotion Software from The Carlyle Group for 340M USD

Acquisition Highlights
  • This is Absolute’s 2nd transaction in the Software sector.
  • This is Absolute’s largest (disclosed) transaction.
  • This is Absolute’s 3rd transaction in the United States.
  • This is Absolute’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-05-11
Target NetMotion Software
Sector Software
Buyer(s) Absolute
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 340M USD
Advisor(s) Evercore Group (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

NetMotion Software

Seattle, Washington, United States
NetMotion Software is a privately held software company that develops software for organizations with mobile workforces, focusing on security, management, and optimization of their wireless data deployments. NetMotion Software was founded in 2001 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Absolute

Vancouver, British Columbia, Canada
Category Company
Founded 1993
Sector Software
Revenue 197M USD (2022)
DESCRIPTION

Absolute Software is a provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices, Absolute's platform offers a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Absolute was founded in 1993 and is based in Vancouver, Canada.

DEAL STATS #
Overall 3 of 4
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Washington) 1 of 1
Country (United States) 3 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Absolute Manage

Canada

Absolute Manage is a provider of an integrated enterprise mobility management software solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Syxsense

Newport Beach, California, United States

Syxsense specializes in endpoint security and IT management solutions. Syxsense provides a unified cloud-based platform that integrates vulnerability scanning, patch management, and endpoint protection. Syxsense was founded in 2012 and is based in Newport Beach, California.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 416 of 464
Sector (Software) 31 of 34
Type (Add-on Acquisition) 178 of 193
State (Washington) 7 of 7
Country (United States) 229 of 253
Year (2021) 11 of 27
Size (of disclosed) 70 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Lauderdale Marine Center

Ft. Lauderdale, Florida, United States

Lauderdale Marine Center is a premier US destination and service provider for the superyacht industry. Located in Fort Lauderdale on the New River, visible from I-95 and close to Fort Lauderdale/Hollywood International Airport, LMC is a 50-acre facility consisting of a boatyard, marina, and marine service center. It accommodates boats up to 200 feet with 19 covered sheds and 156 wet slips, has three marine travel lifts with a haul-out capacity of up to 330 tons, and features 7,000 linear feet of dockage. LMC’s business model includes leasing workspace and commercial office space to approximately 60 on-site contractors providing various marine-related services such as fiberglass repair, electrical, painting, brokerage, and insurance.

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-28 JD Logistics

Beijing, China

JD Logistics provides the e-commerce business of JD.com to create a more efficient, more integrated and user-friendly logistics network in China. Empowered by science and technology, it provides a full range of supply chain solutions and quality logistics services covering all business areas including warehousing and distribution, from manufacturing to end customers, covering common and special goods. JD Logistics was founded in 2012 and is based in Beijing, China.

Sell -
Mergr

Product

Company

Legal