Absolute Software Launches Geofencing for Mobile Devices
Absolute Adds Geofencing Capabilities for Commercial Customers
Vancouver, Canada: September 9, 2009– Absolute® Software Corporation(“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure IT asset management solutions announced today the launch of geofencing capabilities with it's commercial line of Computrace® products.
The Absolute geofencing feature allows IT asset managers to incorporate the physical location of a device into their IT Asset Management strategy. Customers will be alerted after a laptop or mobile device goes beyond a virtual perimeter the customer has defined on a web-based map within the online Absolute Customer Center. To better protect the device and the data on it, the IT asset manager then can take the appropriate action, such as deleting data from the device and, if necessary, reporting it stolen.
“Companies are looking to Absolute for better ways to secure their IT assets,” said John Livingston, Chairman and CEO of Absolute. “By adding geofencing, our customers know sooner when mobile devices may be out of their control, so they can quickly protect the security of those devices.”
“Because Absolute customers can draw a geofence on a map, they have more flexibility in determining the range of devices and do not need to rely on perimeters predetermined by ZIP codes or city names,” said Carter McCrary, Chief Operating Office at Absolute. “With Computrace geotechnology capabilities, Absolute customers have more control over the security of their mobile computing devices.”
How Computrace Works
The Computrace Software Agent that powers Absolute’s solutions is embedded in the firmware of computers from the world’s leading computer manufacturers right at the factory or it can be easily installed by the customer.* The Agent is activated by customers when they purchase a subscription with terms ranging from one to four years.
The Agent regularly contacts the Absolute Monitoring Center – sending location and IT asset management information to the Absolute Customer Center portal. Customers log in to the Absolute Customer Center to access that information, manage their IT asset population, run reports, remotely delete data and plot the location of their computers and mobile devices on a map.
If a computer is reported stolen by a customer, the Absolute Theft Recovery Team will forensically mine it using procedures, such as key captures, registry scanning, file scanning, geolocation, and other investigative techniques to determine who has the computer and how it is being used. Absolute then works with local law enforcement to help recover the computer. Embedded in the firmware of a computer, the stealthy Computrace Agent is capable of surviving operating system re-installations, as well as hard-drive reformats, replacements and re-imaging.
The geofencing feature is available now with Computrace Complete in North America.
This press release contains forward-looking statements and financial outlook that involve risks and uncertainties. These forward-looking statements and financial outlook relate to, among other things, the expected performance, functionality and availability of the Company’s services and products, and other expectations, intentions and plans contained in this press release that are not historical facts. When used in this press release, the words “plan,” “expect,” “believe” and similar expressions generally identify forward-looking statements. These statements reflect the Company’s 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, readers of the press release should understand that Absolute cannot assure them that the forward-looking statements and financial outlook contained in this press release will be realized. Furthermore, the forward-looking statements and financial outlook contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements and financial outlook, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Absolute empowers more than 12,000 customers worldwide to protect devices, data, applications, and users against theft or attack — both on and off the corporate network. With the industry’s only tamper-proof endpoint visibility and control solution, Absolute allows IT organizations to enforce asset management, security hygiene, and data compliance for today’s remote digital workforces. Absolute’s patented Persistence®technology is embedded in the firmware of Dell, HP, Lenovo, and 22 other leading manufacturers’ devices for vendor-agnostic coverage, tamper-proof resilience, and ease of deployment. See how it works atwww.absolute.comand follow us at@absolutecorp.