Appoints Rob Chase as COO, Errol Olsen as CFO
VANCOUVER, July 12 /CNW/ - Absolute(R) Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure computer lifecycle management solutions today announced that Rob Chase is moving from his position as Chief Financial Officer of the Company to take on the role of Chief Operating Officer. Joining Absolute is Errol Olsen who has been appointed Chief Financial Officer.
As Chief Operating Officer, Rob will be responsible for improving the Company's overall operational efficiency and effectiveness. He has been with Absolute Software since July 2000 and was appointed Chief Financial Officer in April 2002. Rob is a Chartered Accountant with previous experience at Deloitte & Touche, Arthur Anderson and Towers Perrin.
Errol Olsen has more than twelve years of software industry experience and joins Absolute from Inetco Systems, where he has served as Chief Financial Officer since 2008. He has previously held senior finance roles at Explorer Software, Pivotal Corporation and Infowave Software. Errol has supervised the finances, finance operations and process improvements of rapidly growing companies, has participated in mergers and acquisitions, debt and equity financings and has managed public company reporting. He is a Chartered Accountant and earned his designation at KPMG LLP in Vancouver, where he began his career in 1992.
"These appointments improve our ability to execute on our business strategy," said John Livingston, Chairman and Chief Executive Officer of Absolute. "Rob has been with us for ten years and is deeply familiar with our operations across all areas of the organization. He has the skills to help us increase sales and cash flow, and to improve efficiency. Errol's financial and software sector expertise ensures that we will continue to have the experienced resources in place to manage our finance operations in support of our growth objectives. Both Rob and Errol will participate in our fourth quarter results conference call on August 23, 2010."
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in tracking, managing and protecting computers and mobile devices. The Company's Computrace(R), Absolute Manage and LoJack(R) 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.
(C)2010 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. Computrace U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 5,896,497, No. 6,244,758, No. 6,269,392, No. 6,300,863, and No. 6,507,914. Canadian patents No. 2,284,806 and No. 2,205,370. U.K. patents No. EP793823 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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