Absolute Software to sell assets to Clearlake-backed HEAT Software
Absolute Software Corp (TSX: ABT) has agreed to sell assets related to its computer life-cycle management and information technology service management businesses. No financial terms were released. The buyer is HEAT Software USA Inc, a Milpitas, Calif.-based software company backed by Clearlake Capital Group, a U.S. private equity and special situations firm. The deal is expected to close in early October. Based in Vancouver, Absolute Software provides endpoint security and data risk management solutions. It said the sale will allow the company to focus on its core information security offering.
22 September 2015•4 mins read
