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Absolute Software Announces Completion Of Acquisition By Crosspoint Capital Partners

PRIVATEJul 27, 2023

Acquiring Company

Crosspoint

Acquired Company

Absolute

SeattleSoftwareCyber SecurityInformation TechnologySecurityCyber Security

Description

Absolute SoftwareTM (NASDAQ: ABST) (TSX: ABST) (“Absolute” or the “Company”), the only provider of self-healing, intelligent security solutions, today announced the successful completion of its acquisition by an affiliate of Crosspoint Capital Partners, LP (Crosspoint Capital), a leading private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets.

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Company Information

Company

Crosspoint

About

Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets. Crosspoint has assembled a group of highly successful operators, investors and sector experts to partner with foundational technology companies and drive differentiated returns. Crosspoint has offices in Menlo Park, CA and Boston, MA. For more information visit: www.crosspointcapital.com.

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Frequently asked

Who acquired Absolute?

Absolute was acquired by Crosspoint. The deal was reported on July 27, 2023. Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets. Crosspoint is privately held and operates in Software.

When did Crosspoint acquire Absolute?

Crosspoint's acquisition of Absolute was reported on July 27, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Absolute do?

Absolute Security is partnered with more than 28 of the world’s leading endpoint device manufacturers, embedded in the firmware of 600 million devices, trusted by thousands of global enterprise customers, and licensed across 16 million PC users. It is privately held, operating in Information Technology, and is based in Seattle.

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