Absolute Software Acquires NetMotion from The Carlyle Group
July 1, 2021
Absolute Software Corporation completed its acquisition of NetMotion Software, Inc. from The Carlyle Group for approximately $340 million in cash, funded with about $65 million of cash on hand and a $275 million secured term loan from Benefit Street Partners. The deal integrates NetMotion's ZTNA and mobile VPN capabilities into Absolute's Endpoint Resilience platform to expand network access and zero-trust capabilities for remote and hybrid workforces.
- Buyers
- Absolute Software Corporation
- Targets
- NetMotion Software, Inc.
- Sellers
- The Carlyle Group
- Industry
- Cybersecurity
- Location
- Washington, United States
- Transaction Type
- Buyout
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