Bridgepoint Advises Palisade Systems on Sale to Public Canadian Software Firm
Des Moines, Iowa – July 10, 2013 – Bridgepoint Investment Banking is pleased to announce that its principals advised Palisade Systems Inc. on its sale to Absolute Software Corporation (TSX: ABT), a publicly-traded Canadian software firm. Terms of the cross-border transaction were not disclosed. Bridgepoint served as sell-side financial advisor to Palisade.
Palisade Systems, a data security and data loss prevention software company based in Des Moines, Iowa, provides solutions to healthcare, corporate, government and education organizations to monitor and secure intellectual property, and to prevent it from leaving company endpoints and networks. Palisade’s software capabilities allow users to remotely use security commands to prevent and mitigate data breaches using keywords and other sophisticated measures.
Absolute Software Corporation is an industry leader in persistent endpoint security and management for computers and mobile devices such as tablets and smartphones. The Vancouver-based company’s solutions – Computrace, Absolute Manage, Absolute Service, Absolute Secure Drive and Computrace LoJack for Laptops – provide organizations with actionable intelligence to prove compliance, securely manage BYOD, and deliver comprehensive visibility and control over all of their devices and data.
Additional details on the transaction can be found at https://www.marketwatch.com/press-release/absolute-software-acquires-data-security-and-data-loss-prevention-assets-from-palisade-systems-2013-06-25-718300
About Bridgepoint Investment Banking
Bridgepoint Investment Banking, a division of Bridgepoint Holdings, LLC, is a leading boutique middle market investment banking firm. The Bridgepoint team, through their broker dealer relationship with M&A Securities Group, serves clients over their corporate lifecycles by providing merger and acquisition and corporate finance advisory services.
To learn more about Bridgepoint, please visit www.bridgepointib.com