Tens of Millions of Dollars of Computers & Stolen Property Recovered
Across 79 Countries
VANCOUVER, June 28, 2011 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), is 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 the company announced that it has surpassed a significant IT industry milestone with over 20,000 stolen
computers now recovered. These devices have been recovered using
Absolute's flagship Computrace® and LoJack® for Laptops products and returned to customers ranging from consumers
to some of the world's largest organizations.
"As the undisputed leader and inventor of the computer theft recovery
product category, we're very proud of our Theft Recovery Team and in
turn wish to give tremendous thanks and acknowledgment to the many law
enforcement professionals that count on Absolute's Computrace and
LoJack for Laptops everyday to recover stolen computers for their local
citizens," said John Livingston, chairman and CEO of Absolute. "This
milestone confirms that our patented technology, process, and approach
to managed theft recovery is, by far, the most successful - and only
proven - theft recovery solution available to both consumers and
organizations on the market today. The reason we continue to safely
recover devices on behalf of our customers lies in the strength of our
technology combined with our global network of Theft Recovery
Investigators and trusted relationships with over 6,000 law enforcement
"At DPS, we've already seen the effect of these recoveries," said Robert
Barenie, special investigator for Detroit Public Schools (DPS) Office
of Inspector General. "Absolute Software's Computrace is truly the
finest investigative tool for the recovery process of stolen devices,
leading us to the successful conviction of numerous individuals
stealing laptops. We would have never recovered any of the 300 plus
laptops stolen from our district without the aid of Absolute Software."
As a result of Absolute's technology being embedded in the firmware of
computers from leading PC manufacturers since 2005, the recovery
success rate has been increasing every year, with over 17,000 devices
recovered in the last six years, and over 5,000 in the last year alone.
In addition to the value of the device, the importance of data not
falling into the wrong hands is critical to consumers and organizations
alike. Many of Absolute's customers have purchased our data protection
solutions that don't include recovery. For these customers, our
persistent technology has successfully performed over 8,500 remote data
deletions to secure the privacy of their data.
On the heels of its 20,000th recovery, Absolute has gathered statistics highlighting the sheer
volume of hardware, software, data, and additional collateral the
company has helped to recover during more than 18 years in the
industry. In 2009 and 2010 alone, Absolute's recoveries have
Over $12 million worth of successfully recovered devices
Over 9,605 devices recovered, with 3,853 of these recoveries on college
campuses and in K-12 school districts
475 known criminal charges filed in 2010
Millions of dollars worth of additional stolen items recovered along
with the computers, including jewelry, automobiles, firearms, and other
Countless medical, financial, and private consumer data leaks prevented
Absolute does more than recover stolen laptops as we also help make a
difference in the communities we serve. The recovery process often
leads law enforcement to uncover much more serious crimes and provides
them with critical evidence to convict dangerous criminals. Absolute
Software has released a list of some of its "Best Of" recoveries over
Absolute Diffuses Risky Situation: Laptop Recovery Leads Law Enforcement
to Stockpile of Explosives
An organization's ex-employee stole a company laptop before leaving the
business. Using Absolute's forensic tools, Theft Recovery Investigators
were able to identify that the user was actively searching for
bomb-making materials. Absolute alerted the Bureau of Alcohol, Tobacco
and Firearms, and the laptop was recovered - alongside several
dangerous, improvised explosive devices.
The $100,000 Recovery: A Major Michigan Community College Recovers
Thousands in Stolen Goods
After noticing that four laptops locked in his classroom were missing, a
professor from a Flint, Michigan based college notified campus
security. As the campus computers were protected with Computrace for
added security, Absolute leveraged forensic tools to provide the
thief's known location. With search warrants in hand, police were able
to recover more than $100,000 in collateral - filling up an entire
police car with stolen campus goods including computers, digital
cameras, and personal items belonging to campus employees.
Stealing the Show: Absolute's Theft Recovery Team Tracks Down a Laptop…
and a Serial Robber
Barry Sebesta, a Bradfordwoods, PA resident came home from work to find
his house had been broken into. Immediately noticing that his laptop
and his wife's wedding band and engagement ring were missing, Barry
called the police and also filed a report with Absolute. Working in
parallel with local police, Absolute's Theft Recovery Investigators
were able to pinpoint the location of Barry's laptop using LoJack for
Laptops, leading the police to a thief who had committed over a dozen
burglaries, with more than 1,000 pieces of stolen jewelry in his
possession. "The police had no leads prior to the location provided by
the Theft Recovery Team," said Sebesta. "Now, I tell everyone about
LoJack for Laptops.
"Five Star Service: In the UK, Absolute Recovers Lancashire Care NHS
Trust Computer Stolen at a Conference
A laptop being used by the Lancashire Care NHS Trust at a conference was
stolen, and Absolute was called into help recover the laptop. Using
Absolute's forensic tools, the location of the laptop was traced to an
address in Chester. Further investigations revealed that the user was
an employee of the conference hotel and had stolen the computer. A
warrant was executed on the address resulting in an arrest and the
laptop being successfully recovered.
"With the aid of Computrace we have successfully recovered over 350
laptops," said Talha Basit, client computing services manager, Chicago
Public Schools. "This has directly resulted in substantial cost savings
of having my support team find and replace these mobile computers. We
widely promote the fact that our mobile computers have Computrace on
them and that has worked out well for us."
To view more recovery stories and Absolute's global recovery footprint,
please visit http://www.absolute.com/20K.
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
For further information:
Kate Ryan, Affect
email@example.com or 212.398.9680