May 11 (Reuters) – Canada’s Absolute Software said on Thursday it had agreed to be taken private by Crosspoint Capital Partners for $657 million, extending a recent trend of private equity firms snapping up cybersecurity providers.<br> Shareholders of Absolute Software will receive $11.5 per share in cash, representing a premium of 34% to the U.S.-listed stock’s last close, the company said.<br> The U.S.-listed shares rose to $11.29 in trading before the bell.<br> Shareholders are set to vote on the acquisition, valued at $870 million including debt, at a special meeting expected to be held in late June.<br> Crosspoint Capital, which has invested in McAfee and Forescout, focuses on cybersecurity, privacy and infrastructure software sectors.<br> Peer Thoma Bravo has agreed to acquire Magnet Forensics , ForgeRock over the past few months, taking advantage of a drop in valuations.

(Reporting by Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila)<br>

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