Altiris Acquires Pedestal Software for $65M
March 25, 2005
Altiris Inc. will acquire Newton, Massachusetts–based Pedestal Software for $65 million in cash and will assume Pedestal options. The acquisition expands Altiris's security and vulnerability-management capabilities, is expected to close by the end of the month and add roughly $17–18 million in revenue in fiscal 2005 as Altiris integrates Pedestal into its channels.
- Buyers
- Altiris Inc.
- Targets
- Pedestal Software
- Industry
- Cybersecurity
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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