LiveTime Software Acquired By Absolute Software

Newport Beach-based LiveTime Software, a developer of cloud-based, IT service management software, has been acquired by Absolute Software. Absolute Software said it paid less than $15M in cash and stock for LiveTime, which includes a three year earn-out. Absolute Software said that LiveTime's products are complementary to its existing product lines. Absolute Software is based in Vancouver, Canada. LiveTime's software was used for help desk and IT services support. The firm had been backed by Agility Capital.