Microsoft Acquires Israeli Cybersecurity Start-up Pelican Security

Platinum Equity Acquires Pelican Products

December 31, 2021

Manufacturing

Platinum Equity has completed its acquisition of Pelican Products, a Torrance, California-based manufacturer of high-performance protective cases, portable lighting systems and temperature-controlled packaging (Peli BioThermal). The deal, purchased from Behrman Capital, positions Pelican as a platform for growth under Platinum Equity with management, led by CEO Phil Gyori, remaining in place; financial terms were not disclosed.

Pelican Energy Partners to Acquire GSE Solutions in All-Cash Deal

August 8, 2024

IT Services

GSE Solutions (GSE Systems, Inc.) entered into a definitive all-cash merger agreement to be acquired by Pelican Energy Partners. Under the deal, Pelican will acquire all outstanding shares of GSE for an estimated $4.10 per share (later amended to $4.60 per share), with the transaction initially expected to close in Q3 or Q4 2024. The merger was subsequently closed on November 1, 2024, following approval by GSE shareholders.

Altiris Acquires Pedestal Software for $65M

March 25, 2005

Cybersecurity

Altiris Inc. will acquire Newton, Massachusetts–based Pedestal Software for $65 million in cash and will assume Pedestal options. The acquisition expands Altiris's security and vulnerability-management capabilities, is expected to close by the end of the month and add roughly $17–18 million in revenue in fiscal 2005 as Altiris integrates Pedestal into its channels.

Malwarebytes Acquires Cyrus

August 24, 2023

Cybersecurity

Malwarebytes has acquired Cyrus, a startup that provides consumer-focused online privacy and identity protection technology. The acquisition brings Cyrus' team and mobile-first privacy capabilities into Malwarebytes to strengthen its consumer privacy, VPN and browser protection offerings.

Mimecast Acquires Elevate Security

January 4, 2024

Cybersecurity

Mimecast Limited has acquired Elevate Security to incorporate its human risk management platform into Mimecast's email and collaboration security offerings. Financial terms were not disclosed; Mimecast said the integration has begun and customers will see Elevate's technology integrated into Mimecast products in upcoming quarters.

Azureon (backed by O2 Investment Partners) Acquires Pelican Pools

January 21, 2025

Construction

Azureon, a pool care platform backed by O2 Investment Partners, has acquired Pelican Pools, a Southampton, New York-based full-service residential pool maintenance and construction company. The add-on expands Azureon's Northeast coverage (notably the Hamptons/Long Island area) and Pelican will continue operating under its existing leadership while retaining significant ownership.