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A list of Seattle cybersecurity companies as international conflict fuels industry demand

A list of Seattle cybersecurity companies as international conflict fuels industry demand
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Absolute Software to buy Seattle-based NetMotion for $340M

Absolute Software to buy Seattle-based NetMotion for $340M
Geekwire
5/13/2021
© Provided by Geekwire
Absolute Software to buy Seattle-based NetMotion for $340M
The news: Absolute Software, a publicly-traded security software company, agreed to acquire Seattle-based security startup NetMotion for $340 million.
Founded in 2001, NetMotion helps employees at more than 3,000 organizations access resources from devices both on premises or remotely in the cloud. The company posted $60 million in revenue for the 12-month period ending March 31, up 18% year-over-year, and $18 million in adjusted EBITDA. It employs about 200 people and is led by CEO Christopher Kenessey, a former exec at Cisco and the Foundry.
Absolute said the deal will compliment its “Endpoint Resilience” offering. Absolute reported revenue of $30.7 million for the quarter ended March 31, up 18% year-over-year, and net income of $2.2 million, down 1%. The combined company will have e ....

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