Absolute Software Acquires Data Security and Data Loss Prevention Assets from Palisade Systems
Acquisition Enhances Absolute’s Governance, Risk Management and Compliance (GRC) Offering
Vancouver, Canada: June 25, 2013 – Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced it has acquired the assets of privately-held Palisade Systems, a data security and data loss prevention (DLP) provider.
The Palisade technology delivers enterprise data security solutions for web monitoring and filtering, data monitoring and DLP, based on Palisade’s patented PacketSure Data Security Platform. Palisade Systems solutions enable healthcare, corporate, government and education organizations to monitor and secure sensitive and proprietary intellectual property, and to prevent it from leaving company networks and endpoints; define and enforce access to external network resources; and enforce compliance with federal privacy and industry security regulations.
Palisade Systems products have several key competitive advantages including easy deployment and operation, and comprehensive multiple-purpose capabilities. Palisade Systems is positioned by Gartner, Inc. in the Niche quadrant of the 2013 Magic Quadrant for Content-Aware Data Loss Prevention.
“Our customers have been requesting that we add this type of endpoint DLP capability to Computrace, our endpoint GRC offering. The technologies are complementary. We can now provide our customers with an expanded GRC offering that allows them to not only remotely invoke security commands to prevent and mitigate data breach scenarios, including data delete, data retrieval and device freeze, but also to now proactively monitor and manage data at risk on the endpoint,” said John Livingston, CEO at Absolute Software. “We welcome the Palisade Systems’ team to the Absolute family. Their expertise will add significant value and allow us to continue our impressive growth within the endpoint security space with an expanded GRC solution.”
“We believe that integrating the Palisade DLP solutions into a module of Computrace will result in an unparalleled endpoint DLP offering that complements Absolute’s endpoint data security and GRC expertise,” said Guy Helmer, CTO at Palisade Systems. “Everyone at Palisade is excited to join the Absolute team and accelerate the growth of the combined business. As part of Absolute, while continuing to support our network DLP customers and prospects, we will be focusing our efforts in our first year on integration to enable Absolute customers to manage their endpoint DLP over the cloud from the Computrace Customer Center, to utilize persistence to ensure their endpoint policies stay in place, and to provide a simple to use DLP solution for our customers.”
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.