Altiris Acquirers Pedestal Software for $65MM Cash

SALT LAKE CITY – March 23, 2005 – Altiris, Inc. (Nasdaq: ATRS), has signed a definitive agreement to acquire privately held Pedestal Software, a recognized leader in vulnerability management solutions.


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.


 


Pedestal Software SecurityExpressions has been chosen by some of the world’s leading financial service providers, insurance organizations, healthcare providers and government institutions to implement a proactive system security stance. The acquisition expands the Altiris® technology portfolio for security management, and positions Altiris to bridge the gap between security and operations, bringing systems into compliance with established security policies. The acquisition also gives Altiris new entry-point and cross-sell opportunities.


 


Source: myTechnologyAdvisor.com

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