VANCOUVER, Dec. 11, 2013 /CNW/ - Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and
management solutions for computers, laptops, tablets and smartphones,
today announced that John Livingston has tendered his resignation as
Chief Executive Officer and as a member of the Board of Directors
effective today. Errol Olsen, Chief Financial Officer, will serve as
interim CEO while the Board conducts a search for a new CEO and Mr.
Daniel Ryan will serve as Chairman of the Board.
"We are tremendously thankful for John's contributions over the past 20
years that have seen Absolute evolve into a global leader in endpoint
security and management," said Mr. Ryan. "The company remains committed
to our strategic focus on accelerating sales growth and expanding into
new markets. We believe we have the right product mix to address the
security challenges faced by organizations today as they adopt mobility
at an increasing rate."
"It has been a privilege to lead Absolute from a small Vancouver
operation to the global enterprise software company that it has become
today," stated Mr. Livingston. "As we enter our 20th year and Absolute moves to the next phase of growth, the time is right
for a new perspective and new leadership."
Mr. Ryan has served as a director since July 2011. He is a seasoned
executive with over 25 years experience in the technology sector
focused on business development, sales, marketing and product strategy.
Since 2011 Dan has been CEO of RedBrick Health, a health engagement
company, where he is responsible for driving the organization's overall
strategy and growth. Prior to RedBrick, he was president and CEO at
Secure Computing, a $250M leader in enterprise security solutions,
which was acquired by McAfee where Dan served as EVP and General
Manager of their $500M Network Security Business Unit.
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, Absolute Secure Drive, 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 one of only four
vendors to be recognized on both 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.
©2013 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
and No. 8,566,961. Canadian patents No. 2,211,735, No. 2,284,806, No.
2,205,370 and No. 2,771,208. 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.
Mexican patents No. 297,406 and No. 306,287. Russian patent No.
2,460,220. The Toronto Stock Exchange has neither approved nor
disapproved of the information contained in this news release.
SOURCE: Absolute Software Corporation
For further information:
Caitlin Regan, HORN Group
email@example.com or 415.905.4008
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