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Absolute Software Acquires NetMotion

Absolute Software Acquires NetMotion
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Absolute Software to buy Seattle-based NetMotion for $340M

Absolute Software to buy Seattle-based NetMotion for $340M
Geekwire
5/13/2021
© Provided by Geekwire
Absolute Software to buy Seattle-based NetMotion for $340M
The news: Absolute Software, a publicly-traded security software company, agreed to acquire Seattle-based security startup NetMotion for $340 million.
Founded in 2001, NetMotion helps employees at more than 3,000 organizations access resources from devices both on premises or remotely in the cloud. The company posted $60 million in revenue for the 12-month period ending March 31, up 18% year-over-year, and $18 million in adjusted EBITDA. It employs about 200 people and is led by CEO Christopher Kenessey, a former exec at Cisco and the Foundry.
Absolute said the deal will compliment its “Endpoint Resilience” offering. Absolute reported revenue of $30.7 million for the quarter ended March 31, up 18% year-over-year, and net income of $2.2 million, down 1%. The combined company will have e ....

Christopher Kenessey , Geekwire Absolute Software , Absolute Software , Seattle Based Netmotion , கிறிஸ்டோபர் கேனேஸ்செய் ,

Absolute Software to Acquire NetMotion, For USD$340M

Absolute Software to Acquire NetMotion, For USD$340M
Absolute Software Corporation (Nasdaq: ABST) (TSX: ABST), a Vancouver, British Columbia, Canada-based provider of endpoint resilience solutions, is to acquire NetMotion Software, Inc., a Seattle, Washington-based provider of connectivity and security solutions.
Under the terms of the agreement, Absolute will acquire 100% of privately-held NetMotion for USD$340m in cash.
Led by Christopher Kenessey, Chief Executive Officer, NetMotion is a remote secure access platform that combines security, visibility and policy management to provide a secure end-user experience. The company’s unified Secure Access Service Edge (SASE) platform combines a high-performance, enterprise-grade virtual private network (VPN), Digital Experience Monitoring and Zero-Trust Network Access (ZTNA), delivering secure network access in customer IT environments. The platform supports over 3,000 organizations, with a Net Promoter Score (NPS) of 91 ....

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Absolute Software : to Acquire NetMotion, to Deliver the Next Generation of Endpoint Resilience

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Positions Company for Entry into High Growth Adjacent Market with Compelling, Competitively Advantaged ZTNA and SASE Product Portfolio, on Foundation of Strong Profitability
Expected to be Accretive to ARR, Revenue, and Adjusted EBITDA Growth Going Forward
Absolute Software Corporation (Nasdaq: ABST) (TSX: ABST) (“Absolute”), a leader in Endpoint Resilience™ solutions, today announced it has signed a definitive agreement to acquire NetMotion Software, Inc., a leading provider of connectivity and security solutions (the “Transaction”). Under the terms of the agreement, Absolute will acquire 100% of privately-held NetMotion for USD$340 million in cash.
NetMotion is a remote secure access platform that combines security, visibility and policy management to provide a secure end-user experience. NetMotion’s unified Secure Access Service Edge (SASE) platform combines a high-performance, enterprise-grade virtual private network (V ....

United States , Wilson Sonsini Goodrich Rosati , Steven Gatoff , Christopher Kenessey , Christy Wyatt , Netmotion Software Inc , International Financial Reporting Standards , Software Corporation Nasdaq , Cassels Graydon , Network Access , Software Corporation , Exchange Commission , Access Service Edge , Evercore Group , Absolute Software Corporation , Endpoint Resilience , Netmotion Software , Secure Access Service Edge , Digital Experience Monitoring , Zero Trust Network Access , Net Promoter Score , Zero Trust , Chief Executive , User First Security Solution , Anywhere Era , Improving Compliance ,

Absolute Software to Acquire NetMotion, to Deliver the Next Generation of Endpoint Resilience

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Positions Company for Entry into High Growth Adjacent Market with Compelling, Competitively Advantaged ZTNA and SASE Product Portfolio, on Foundation of Strong Profitability
Expected to be Accretive to ARR, Revenue, and Adjusted EBITDA Growth Going Forward
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Absolute Software to Acquire NetMotion, to Deliver the Next Generation of Endpoint Resilience Back to video
VANCOUVER, British Columbia & SAN JOSE, Calif. Absolute Software Corporation (Nasdaq: ABST) (TSX: ABST) (“Absolute”), a leader in Endpoint Resilience™ solutions, today announced it has signed a definitive agreement to acquire NetMotion Software, Inc., a leading provider of connectivity and security solutions (the “Transaction”). Under the terms of the agreement, Absolute will acquire 100% of privately-held NetMotion for USD$340 million in cash. ....

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