VANCOUVER, June 13, 2014 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the industry standard for
persistent endpoint security and management solutions for computers,
laptops, tablets and smartphones, today announced that the company's
Board of Directors has appointed Mr. Geoff Haydon, formerly of EMC
Corporation, as Chief Executive Officer and as a member of the Board of
"We are extremely pleased to have someone of Geoff's caliber join to
lead Absolute," stated Mr. Daniel P. Ryan, Chairman of Absolute. "With
his background in enterprise security software and his proven track
record of growth and experience in both North American and global
markets, he is the right person to take Absolute to the next level in
terms of revenue growth, global reach and increased profitability."
Mr. Haydon brings more than 20 years of IT experience to the role. He
has successfully built high performance teams and led businesses in the
Americas, the Asia Pacific region and EMEA. Most recently he was Chief
Operating Officer for EMC's Asia-Pacific and Japan region. In that role
he led a cross-functional team that drove the multi-billion dollar
business unit. Prior to this role, Mr. Haydon was Vice President of
Americas Sales at RSA, a division of EMC, where he was responsible for
creating and executing RSA's market strategies. Under his leadership,
RSA's business in the Americas consistently outperformed its business
and market share objectives and delivered strong double-digit growth.
Before the Americas position, Mr. Haydon ran the RSA business for Asia
Pacific and Japan where he more than doubled RSA's market share in the
"I am tremendously excited about the opportunity to join the team at
Absolute and to build on the Company's past success," said Mr. Haydon.
"Absolute has a unique solution portfolio that addresses the key
security and management challenges that organizations are facing with
the rise of mobility. With a broad product portfolio, diverse customer
base and strong financial foundation, Absolute is extremely
well-positioned to take advantage of this multi-billion market
Mr. Haydon is a Dean Honour's List graduate from the Ivey School of
Business at the University of Western Ontario. He will join Absolute on
July 7 and will relocate to Absolute's corporate head office in
With the appointment of Mr. Haydon and as part of the leadership
transition plan, Mr. Rob Chase, Absolute's Chief Operating Officer, has
announced he is leaving the Company to pursue other interests. Mr.
Chase's departure will be effective June 18, however he will continue
to be involved with the company in a more limited capacity as a
strategic advisor. The Board of Directors thanks Mr. Chase for his
fourteen years of service and dedication to the Company.
Mr. Errol Olsen, who has served as interim Chief Executive Officer, will
continue in his role as Absolute's Chief Financial Officer. "On behalf
of the board, I would like to thank Errol for taking on the added
responsibilities of the interim CEO role and continuing to drive
Absolute toward achievement of its strategic goals," stated Mr. Ryan.
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the industry standard in
persistent endpoint security and management for computers, laptops,
tablets and smartphones. The Company, a leader in device security and
management tracking for 20 years, has over 30,000 commercial customers
worldwide. Absolute's solutions - Computrace®, Absolute Manage®,
Absolute Service, and Absolute LoJack® - provide organizations with
actionable intelligence to prove compliance, securely manage BYOD, and
deliver comprehensive visibility and control over all of their devices
and data. Absolute is positioned on three Gartner, Inc. Magic Quadrants
- the Magic Quadrant for Client Management Tools, the Magic Quadrant
for Mobile Device Management Software and the Magic Quadrant for
Content-Aware DLP. Absolute is one of only four vendors to be
recognized on both the CMT and MDM Magic Quadrants based on providing
customers with the ability to secure and manage many different types of
devices using a single solution. Absolute persistence technology is
embedded in the firmware of computers, netbooks, tablets and
smartphones by global leaders, including Acer, ASUS, Dell, Fujitsu, HP,
Lenovo, Motion, Panasonic, Samsung, and Toshiba, and the Company has
reselling partnerships with these OEMs and others, including Apple. For
more information about Absolute Software, visit www.absolute.com.
This press release contains forward-looking statements that involve
risks and uncertainties. These forward-looking statements relate to,
among other things, the expected performance, functionality and
availability of our services and products, and other expectations,
intentions and plans contained in this press release that are not
historical fact. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations. They are subject to a number of risks and uncertainties,
including, but not limited to, changes in technology and general market
conditions. In light of the many risks and uncertainties you should
understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.
Furthermore, the forward-looking statements contained in this press
release are made as at the date hereof and the Company does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by
applicable securities laws.
©2014 Absolute Software Corporation. All rights reserved. Computrace and
Absolute are registered trademarks of Absolute Software Corporation.
LoJack is a registered trademark of LoJack Corporation, used under
license by Absolute Software Corporation. LoJack Corporation is not
responsible for any content herein. U.S. patents No. 5,715,174, No.
5,764,892, No. 5,802,280, No. 5,896,497, No. 6,087,937, No. 6,244,758,
No. 6,269,392, No. 6,300,863, No. 6,507,914, No. 7,818,557, No.
7,818,803, No. 7,945,709, No. 8,062,380, No. 8,234,359, No. 8,241,369,
No. 8,307,055, No. 8,332,953, No. 8,346,234, No. 8,362,901, No.
8,418,226, No. 8,419,806, No. 8,441,348, No. 8,510,825, No. 8,556,991,
No. 8,566,961, No. 8,606,971, No. 8,625,799 and No. 8,669,870. Canadian
patents No. 2,211,735, No. 2,284,806, No. 2,205,370, No. 2,771,208 and
No. 2,733,222. U.K. patents No. EP0793823, No. GB2298302, and No.
GB2338101. German patent No. 69512534. Australian patent No. 699045.
Japanese patents No. 4067035, No. 5220924 and No. 5363305. Korean
patent No. 10-1372986. Mexican patents No. 297,406 and No. 306,287.
Russian patent No. 2,460,220 and 2,506,704. The Toronto Stock Exchange
has neither approved nor disapproved of the information contained in
this news release.
SOURCE: Absolute Software Corporation
For further information:
Becky Obbema, Interprose
Becky.Obbema@interprosepr.com or 408.778.2024
Marina Guy, Absolute Software
firstname.lastname@example.org or 604.730.9851 x107
Dave Mason, CFA, TMX|Equicom
email@example.com or 416.815.0700 x237