Absolute Software Wins Million Dollar Deal for Computrace and Absolute Manage
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.”
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.