The Ability to Lock, Delete, Locate and Recover Stolen Mobile Devices is
Critical for Victims of Theft
VANCOUVER, May 18 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the
leading provider of firmware embedded endpoint security and management
solutions that reduce IT costs, prove regulatory compliance, respond to
computer theft, and optimize productivity, today announced that its
commercial and consumer products, Computrace® and LoJack® for Laptops, have achieved a record number of more than 600 recoveries in the month
of March 2011. Using persistence technology, combined with its team of
skilled investigators and relationships with local law enforcement
agencies, Absolute has reached nearly 20,000 successful mobile device
recoveries for organizational and consumer customers.
"Organizations and consumers alike are concerned when it comes to
protecting their laptops and the valuable data on them. When it comes
to a solution to this growing security concern, customers depend on
Absolute's patented persistence technology combined with the years of
experience and knowledge of our Theft Recovery Team, " said Lyle
Singular, Vice President of Recovery Services, Absolute Software.
"After 17 years in the industry, we are proud to have helped customers
around the globe recover their stolen laptops, recover and protect
their invaluable personal data, deter theft in their environment,
modify their security policies based on intelligence we provide, and
contribute to safer communities by identifying criminals. It is due to
these aspects of our services that we have become essential to our
customers, and that we continue to generate more than 75% of our sales
from existing customers."
Since 2005 with the launch of our firmware-embedded technology with
major PC OEM manufacturers and continued feature enhancements, Absolute has become the standard for device and data security as theft
recovery is an essential element to protecting devices. Additionally,
data obtained during the recovery process provides law enforcement
agencies with the intelligence needed to return stolen mobile devices
and, in some cases, pursue further criminal investigations. As a
result, Absolute has successfully enabled recovered nearly 20,000
stolen laptops for customers in more than 75 countries. In 2010 alone,
this amounted to the retrieval of more than $6 million dollars in
assets and the arrest of 505 suspects.
Based on the intelligence gathered by the Absolute Theft Recovery Team,
automobiles are one of the top locations for laptop theft. Our customers have used information such as this to
helping them to set the right security policies, making their
environments more secure. Guy Louthian, of Columbia, South Carolina,
experienced this firsthand when he returned to his car to find that it
had been broken into and his Dell laptop was stolen. After filing a
theft report with his local police department, he also reported his
laptop as stolen to Absolute, allowing the Theft Recovery Team to begin
working to track and recover the device immediately.
According to Louthian, "My stolen laptop had been wiped clean, but
luckily LoJack for Laptops was still intact and working." Because
persistence is a key feature of LoJack for Laptops, if the software is
maliciously removed from a user's hard drive, it can silently reinstall
itself so that Absolute can continue to track the stolen device. For
Louthian, that made the difference. As a result, police tracked down
his laptop and recovered it—in another state. "The investigator
assigned to my case stated hands down that LoJack for Laptops is the
best recovery technology available. It is pennies compared to the cost
of replacing a laptop," said Louthian.
To read more real-life consumer recovery stories, visit http://blog.lojackforlaptops.com/. For more information or to purchase LoJack for Laptops, please visit www.lojackforlaptops.com.
How Computrace Technology Works
Computrace and LoJack for Laptops are powered by the Absolute Software
patented Computrace persistence technology. When embedded in the
firmware of computers from leading computer manufacturers*, Computrace
can survive operating system re-installations, as well as hard-drive
reformats, replacements and re-imaging, helping to ensure that the
service is there when you need it most. Whether a PC or Mac, the
software is virtually undetectable and phones home to the Absolute
Monitoring Center with location and asset information. If a computer is
reported stolen, the Absolute Theft Recovery Team works on behalf of
the customer to gather evidence from the computer to identify the
thief's location, and then works with local police to get the computer
back. Customers can also remotely delete data to help keep it out of
the hands of unauthorized users - a reliable contingency in case data
protection solutions fail. Computrace or LoJack for Laptops can be
easily activated by customers when they install a license ranging from
*For a list of computers with firmware-embedded support, visit www.absolute.com/firmware.
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in tracking,
managing, and protecting computers and mobile devices. The Company's
Computrace, Absolute Manage and LoJack for Laptops solutions provide
theft recovery, data protection and computer lifecycle management
capabilities to organizations and consumers. The Company's software
agent is embedded in the firmware of computers by global leaders,
including Acer, ASUS, Dell, Fujitsu, General Dynamics Itronix, HP,
Lenovo, Motion, Panasonic 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 and http://blog.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.
©2011 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. 7818557, No. 7818803.
Canadian patents No. 2.211.735, No. 2,284,806 and No. 2,205,370. U.K.
patents No. EP793823, No. GB2298302 and No. GB2338101. German patent
No. 695 125 34.6-08. Australian patent No. 699045. Japanese patent No.
JP4067035. The Toronto Stock Exchange has neither approved nor
disapproved of the information contained in this news release.
SOURCE Absolute Software Corporation
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