Company Delivers on Synergies of Endpoint Security and Management
Vancouver, Canada: May 24, 2011 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), 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 announced it has signed a million dollar deal to provide a leading K-12 school district with the Company’s Computrace® and Absolute Manage offerings, validating the requirement for organizations to apply both security and management best practices to all of their endpoints.
The endpoint security and management markets are converging,” said John Livingston, Chairman and CEO of Absolute. “Customers have long told us they need to be able to securely manage their PCs, laptops and now tablets and smartphones in a more simplified, reliable and cost effective manner. With the addition of Absolute Manage to complement Computrace’s leading device tracking and data protection capabilities, we are evolving our offerings to meet this need. This contract win demonstrates that the expansion of our product base is delivering results.”
The customer had identified a need for lifecycle management for their entire estate of PC notebooks. In a competitive marketplace, the customer selected Absolute Manage due to its unique persistent PC capability, and its ability to securely manage their PC population with the addition of Computrace. By combining Absolute Manage with Computrace, the customer is able to rely on valuable cloud-persistent tracking and emergency response services to ensure their PCs can be reliably and securely tracked, managed, and protected.
Mr. Livingston continued: “It was the synergies the customer could realize by combining our security and lifecycle management solutions that tipped the scales in our favor. This illustrates how Absolute Manage is creating new customer acquisition opportunities for Computrace. We believe our unique ability to provide organizations with both endpoint security and management tools for their computing assets and other mobile devices has us well positioned to emerge as a leader in the broad endpoint security and management market.”