M&A Deal Summary

Gen Digital Acquires PasswordBank Technologies SL

On July 19, 2013, Gen Digital acquired software company PasswordBank Technologies SL for 25M USD

Acquisition Highlights
  • This is Gen Digital’s 43rd transaction in the Software sector.
  • This is Gen Digital’s 34th largest (disclosed) transaction.
  • This is Gen Digital’s 1st transaction in Spain.

M&A Deal Summary

Date 2013-07-19
Target PasswordBank Technologies SL
Sector Software
Buyer(s) Gen Digital
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

PasswordBank Technologies SL

Barcelona, Spain
PasswordBank Technologies SL is a provider of an unique Identity-as-a-Service (IDaaS) platform, delivering the solution in three modes (SaaS, On-Premise and Hybrid) for Mac, Windows and Linux users.

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Buyer(S) 1

Buyer

Gen Digital

Tempe, Arizona, United States

Category Company
Founded 1982
Sector Information Technology
Employees3,400
Revenue 3.8B USD (2024)
DESCRIPTION

Gen Digital is a cyber safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. Gen Digital was founded in 1982 and is based in Tempe, Arizona.


DEAL STATS #
Overall 65 of 78
Sector: Software M&A 43 of 49
Type: Add-on Acquisition M&A Deals 63 of 73
Country: Spain M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 34 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 AdvisorSquare

Manhattan Beach, California, United States

AdvisorSquare is a provider of websites designed specifically for financial services professionals. The Company was formed in 1998.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 NitroDesk

Bellevue, Washington, United States

NitroDesk, which makes security and management applications for mobile devices.

Buy -