Acquisition Expands Absolute’s Asset Management Capability and Enters into the IT Service Support Management Market
Vancouver, Canada: November 19, 2012– Absolute® Software Corporation(“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-embedded, persistent endpoint security and management solutions is pleased to announce that it has successfully completed the acquisition of the assets of privately-held LiveTime® Software, a SaaS and on-premise help desk and IT Service Support Management (ITSSM) provider.
“We are pleased to complete the acquisition of LiveTime Software,” said John Livingston, Chairman and CEO at Absolute Software. “LiveTime solutions will strongly complement our persistent endpoint security and management solutions. By leveraging our existing sales channels and current customer base, we are well positioned to become a major player in the help desk and ITSSM market.”
"We are excited to be part of the Absolute team and have a clear vision forward with the integration of Absolute’s best of breed solutions,” said Darren Williams, VP & GM Service Management at Absolute Software. “We are now positioned to provide the ITSSM industry with an integrated end-to-end solution across all ITIL® processes within a single product.”
As part of the launch of LiveTime Software under the Absolute umbrella, LiveTime Service Manager will become Absolute Service and LiveTime Help Desk will be renamed Absolute Help. Consistent with all of Absolute’s solutions, Absolute Service and Absolute Help will be differentiated based on ease of use, rapid deployment and multiple device support to provide customers with the required functionality without the extensive professional services and development work most solutions in the market currently require.
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.