Vancouver-headquartered Absolute Software is acquiring Seattle’s NetMotion Software for USD $340 million.
Founded all the way back in 1993, Absolute’s original mission was to enable individuals and businesses to manage, track and secure computers regardless of the physical location of the device.
Absolute has grown into a leader in Endpoint Resilience solutions, focused on minimizing the impact of a cyberattack and restoring employee endpoints and operational systems to ensure business continuity.
As the world moves away from legacy networking models, and organizations aggressively adopt cloud-based services, there is an increased, urgent demand for zero trust secure access solutions. Zero trust is a security model based on the principle of maintaining strict access controls and not trusting anyone by default, even those already inside the network perimeter.
NetMotion provides security solutions for millions of devices deployed around the world. Customers choose the NetMotion platform for its powerful zero trust network access (ZTNA), experience monitoring and mobile-first enterprise VPN functionality.
The acquisition places Absolute in a competitive position in the high-growth zero trust and ZTNA markets with a unique endpoint-led offering.
“The work from anywhere era has created the need for an entirely new set of capabilities that can deliver security and scalability without impeding the user experience,” said Christy Wyatt, Absolute’s President and CEO.
“A modern security posture will require organizations to have complete visibility that extends from the endpoint to the edge, capable of delivering intelligence into the state and health of devices, applications, and network connections. And, they need the ability to make every endpoint, app, and connection resilient and capable of autonomously self-healing if they fail or go offline.”
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