Crosspoint Capital Partners, a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets with offices in Menlo Park, Calif. and Boston, has acquired Absolute Software, a security services company.

Absolute Software offers a digital connection that applies visibility, control and “self-healing” capabilities to endpoints, applications and network connections, helping customers to strengthen cyber resilience against the threat of ransomware and malicious attacks. Crosspoint has agreed to acquire all of the issued and outstanding common shares of the company. Under the terms of the arrangement agreement, Absolute shareholders will receive $11.50 per common share in cash on completion of the deal, corresponding to an enterprise value of approximately $870 million including debt.

Perella Weinberg Partners is serving as Absolute’s financial advisor in connection with the acquisition, with Raymond James Ltd. also providing financial advice to the special committee. The company’s legal advisors in connection with the acquisition are Cooley LLP and Blake, Cassels & Graydon LLP. Ropes & Gray and Stikeman Elliott acted as legal advisors and Barclays acted as financial advisor to Crosspoint.