Company delivers on synergies of endpoint security and management
TORONTO, May 24, 2011 /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 it has
signed a million dollar deal to provide a leading K-12 school district
with the Company's Computrace® and Absolute Manage offerings, validating the requirement for
organizations to apply both security and management best practices to
all of their endpoints.
"The endpoint security and management markets are converging," said John
Livingston, Chairman and CEO of Absolute. "Customers have long told us
they need to be able to securely manage their PCs, laptops and now
tablets and smartphones in a more simplified, reliable and cost
effective manner. With the addition of Absolute Manage to complement Computrace's leading
device tracking and data protection capabilities, we are evolving our
offerings to meet this need. This contract win demonstrates that the
expansion of our product base is delivering results."
The customer had identified a need for lifecycle management for their
entire estate of PC notebooks. In a competitive marketplace, the
customer selected Absolute Manage due to its unique persistent PC
capability, and its ability to securely manage their PC population with
the addition of Computrace. By combining Absolute Manage with
Computrace, the customer is able to rely on valuable cloud-persistent
tracking and emergency response services to ensure their PCs can be
reliably and securely tracked, managed, and protected.
Mr. Livingston continued: "It was the synergies the customer could
realize by combining our security and lifecycle management solutions
that tipped the scales in our favor. This illustrates how Absolute
Manage is creating new customer acquisition opportunities for
Computrace. We believe our unique ability to provide organizations with
both endpoint security and management tools for their computing assets
and other mobile devices has us well positioned to emerge as a leader
in the broad endpoint security and management market."
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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