M&A Deal Summary

Absolute Acquires Palisade Systems

On June 25, 2013, Absolute acquired software company Palisade Systems

Acquisition Highlights
  • This is Absolute’s 1st transaction in the Software sector.
  • This is Absolute’s 2nd transaction in the United States.
  • This is Absolute’s 1st transaction in Iowa.

M&A Deal Summary
Date 2013-06-25
Target Palisade Systems
Sector Software
Buyer(s) Absolute
Deal Type Add-on Acquisition

Target

Palisade Systems

Des Moines, Iowa, United States
Palisade Systems, Inc. makes enterprise security software for Web monitoring and filtering, data monitoring and DLP that runs on its proprietary PacketSure data security platform.

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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 2 of 4
Sector (Software) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Iowa) 1 of 1
Country (United States) 2 of 4
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-19 LiveTime Software

Newport Beach, California, United States

LiveTime Software, Inc. is a SaaS and on-premise help desk and IT Service Support Management (ITSSM) provider.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

Legal