Tech Company M&A Transactions
Pedestal Software Acquisition
Pedestal Software was acquired by Altiris. The transaction was announced on 3/23/2005. The companies indicated that total deal value was $65 million.
Transaction Overview
Company Name
Acquired By
Announced On
3/23/2005
Transaction Type
M&A
Amount
$65,000,000
M&A Terms
Altiris, Inc. (Nasdaq: ATRS), today announced that it has signed a definitive agreement to acquire privately held Pedestal Software, Under the terms of the acquisition, Altiris will pay $65.0 million (net) in cash for all outstanding shares of Pedestal and will assume Pedestal options. The transaction, which is subject to customary closing conditions, is expected to close by the end of March.
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
199 Wells Ave 211
Newton, MA 02459
USA
Newton, MA 02459
USA
Phone
Website
Email Address
Not Recorded
Overview
Pedestal Software Inc. is the leading provider of vulnerability management solutions. The company's audit and compliance and vulnerability audit software is used by enterprises to quickly and cost-effectively audit, assess, and enforce a consistent level of system security.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jim Geary
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Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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