Des Moines, Iowa – July 10, 2013 – Bridgepoint Merchant 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.
About Bridgepoint Merchant Banking
Bridgepoint Merchant Banking, a division of Bridgepoint Holdings, LLC, is a lower and middle market investment banking and private equity 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. Bridgepoint Merchant Banking also invests capital directly into companies through its private equity and venture capital funds.
To learn more about Bridgepoint, please visit www.bridgepointmb.com.