Friday, March 25, 2005

Altiris buys Pedestal

"Altiris said Thursday it would spend $65 million to acquire security vendor Pedestal Software, a move that should hearten venture capitalists who are invested in the security sector."

[Red Herring]

Acquisition price, according to Red Herring was over 5x the $12 million that VC's (Venrock and 3i; first round of financing was in 2003) had invested in the company. Altiris said it expects the acquisition to contribute as much as $18 million in revenue for 2005. Good IRR and ROI for both firms.

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