Seasoned Technology Executive, Daniel P. Ryan, Appointed to Absolute’s Board of Directors
Vancouver, Canada: June 27, 2011– Absolute® Software Corporation(“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-based endpoint security and management solutions that reduce IT costs, prove regulatory compliance, respond to computer theft, and optimize productivity, announced the appointment of Daniel P. Ryan to Absolute’s Board of Directors, effective June 27, 2011.
“Absolute is at the center of the convergence of endpoint security and endpoint management,” said Mr. Ryan. “This is an exciting time to be in this industry, and Absolute is bringing to market some innovative solutions to help organizations solve the challenge of securely managing mobility.”
Mr. Ryan is a seasoned executive with more than 25 years of experience in the technology sector. He has held senior roles in business development, sales, marketing and product strategy, and is currently the “Entrepreneur-in-Residence” with Split Rock Partners, a U.S.-based technology and healthcare venture capital firm. Prior to joining Split Rock, Mr. Ryan served as Chief Executive Officer and Director of the Board for Pareto Networks, a leader in cloud-based networking, which he helped position for sale to Aerohive Networks in 2011. Mr. Ryan has also served as Executive Vice President and General Manager for McAfee’s Network Security Unit, joining McAfee in 2008 when it acquired Secure Computing where he was Chief Executive Officer and Director of the Board. Before Secure Computing, Mr. Ryan was Senior Vice President of Enterprise Content Management at Oracle, following its 2006 acquisition of Stellent where he was Chief Operating Officer. Mr. Ryan holds a Bachelor of Science degree in Mathematics and Economics from the University of Minnesota.
“We are very pleased to have a person of Dan’s caliber join Absolute’s Board of Directors,” said John Livingston, Chairman of the Board and Chief Executive Officer at Absolute Software. “Dan’s extensive industry experience, eye for technology leadership, merger and acquisition background and deep understanding of the trends driving our growth will be valuable assets as we continue to strengthen Absolute’s position as a global leader in endpoint security and management.”
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.
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.