TechTaffy

tech:

taffy

Crosspoint Capital buys Absolute Software for $870M

By TechTaffy Desk

Vancouver-based cybersecurity company Absolute Software has entered into an agreement to be acquired by private equity firm Crosspoint Capital for $870 million, inclusive of debt.

Perella Weinberg Partners is serving as Absolute’s financial advisor in connection with the Acquisition, with Raymond James also providing financial advice. The Company’s legal advisors in connection with the acquisition are Cooley and Blake, Cassels & Graydon.

Ropes & Gray and Stikeman Elliott acted as legal advisors and Barclays acted as financial advisor to Crosspoint.

Subject to the customary conditions, the acquisition is expected to be completed during the second half of 2023.

[Image courtesy: Absolute Software]

Just in

Industry

IBM to deploy next-generation quantum computer at RIKEN in Japan

IBM has announced an agreement with RIKEN, a Japanese national research laboratory, to deploy IBM's quantum computer architecture and quantum processor at the RIKEN Center for Computational Science in Kobe, Japan.
Around the web

Jack Dorsey departs Bluesky board — TC

Dorsey appears to have deleted his Bluesky account at some point last year, though his departure was only acknowledged at the time by a smattering of social media posts, writes Anthony Ha in TC.  
Series E

Corelight raises $150M

San Francisco-based network detection and response (NDR) company Corelight has raised $150 million in a Series E funding round.
AI

Anthropic introduces team plan, iOS app for Claude AI

Anthropic announced two updates for its AI assistant, Claude: a new Team plan and an iOS app.
Industry

Tencent, Mercedes-Benz, EA partner for in-car gaming

Tencent, Mercedes-Benz, and Electronic Arts (EA) announced their partnership at Auto China 2024 to bring in-car gaming to Mercedes-Benz vehicles in China.