Private equity firms have looked to add cybersecurity companies to their portfolios as the sector is considered to be resilient to an economic downturn.
Shareholders of Absolute Software will receive $11.5 per share in cash, representing a premium of 34% to the stock's last close.
The deal is valued at $870 million including debt.
(Reporting by Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila)