Computrace provides an essential security layer to enable computer learning initiatives
VANCOUVER, May 7, 2012 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-embedded endpoint security and management solutions, today announced it has completed a US$1.4 million Computrace® Complete sale to provide its asset administration, theft management and investigative services to an existing education customer in the United States.
This contract win expands Absolute's install base with this customer to more than 100,000 computers. Absolute recorded the sale in April and will recognize the associated revenue over a five-year period.
Armed with Computrace, the school district has embraced best practices for asset administration and data and device protection. In addition, Computrace's ability to persist enables the customer to track, manage and recover its computers over their entire five-year lifecycle, which fulfills a key requirement for the customer's Federal funding grants.
"Winning such a sizable follow-on Computrace contract with an existing customer is a strong testament to the quality of service we provide to our clients and the important role our anti-theft offerings play in helping organizations better track, manage and secure their computing devices," said John Livingston, CEO of Absolute Software. "Computers have become such an important educational tool for students. We are pleased that Computrace helps school districts embrace this learning initiative."
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 Windows, Mac or Android device, 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 Investigative Services 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 one to five years.
*For a list of computers with firmware-embedded support, visit www.absolute.com/firmware.
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the world leader in firmware-embedded endpoint security and management for computers and ultra-portable devices. Positioned in the Visionaries Quadrant of Gartner, Inc.'s Magic Quadrant for Client Management Tools in 2012, Absolute's solutions - Computrace, Absolute Manage, Absolute Secure Drive, and LoJack for Laptops - provide organizations with actionable intelligence to prove compliance, generate fast ROI, reduce overhead, and deliver comprehensive visibility and control over all of their endpoints, anywhere, anytime. The Company's software agent is embedded in the firmware of computers, netbooks, and tablets 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 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.
©2012 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 and No. 8,062,380. Canadian patents No. 2,211,735, No. 2,284,806, and No. 2,205,370. U.K. patents No. EP0793823, No. GB2298302, and No. GB2338101. German patent No. 69512534. 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.
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Chris Michaels, HORN Group