Canadian cybersecurity company Absolute Software said on Thursday it had agreed to be taken private by Crosspoint Capital Partners for $657 million.Private equity firms have looked to add cybersecurity companies to their portfolios as the sector is considered to be resilient to an economic downturn.
Canadian cybersecurity company Absolute Software said on Thursday it had agreed to be taken private by Crosspoint Capital Partners for $657 million.
Private equity firms have looked to add cybersecurity companies to their portfolios as the sector is considered to be resilient to an economic downturn. Shareholders of Absolute Software will receive $11.5 per share in cash, representing a premium of 34 per cent to the stock's last close.
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