Absolute Software CorporationAbsolute Software CorporationAbsolute Software Corporation
DelistedDelistedDelisted

Absolute Software Corporation

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About Absolute Software Corporation


CEO
Christy Wyatt
Headquarters
Vancouver
Founded
1993
Absolute Software Corp. makes security work by empowering mission-critical performance with advanced cyber resilience. The company is based in Vancouver, Canada, and has subsidiaries in Canada, the Russian Federation, and the United States. The Canadian company's cyber resilience platform is embedded in over 600 million devices and provides endpoint-to-network access security coverage, automated security compliance, and operational continuity. With 21,000 customers trusting them, Absolute protects enterprise assets, fortifies security and business applications, and ensures a frictionless, always-on user experience. The company was founded in 1993, and Christy Wyatt has been the CEO since 2018. Absolute Software was acquired by Crosspoint Capital Partners LP on July 27, 2023, for $457.28 million.

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Delisting occurs when a security is removed from a stock exchange, either voluntarily or involuntarily. It happens for various reasons: some companies do it as they cease all operations, others opt for it as the result of bankruptcy. Among other reasons there are merging with another company, failing to meet listing requirements, or the transition to private ownership.
A stock's fate depends on the way the company delisted. If it delisted voluntarily, its shareholders typically receive cash as a buyout or corresponding shares in the acquiring company. However, when a company is forced to delist, shareholders have to either find a buyer on the exchange, or keep holding shares of an unlisted company.
ABST reached its all-time high on Feb 11, 2021 with the price of 21.20 USD, and its all-time low was 3.61 USD and was reached on Nov 6, 2012. View more price dynamics on ABST chart.
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