Absolute Software Wins $975,000 Deal in Asia-Pacific Region

November 06, 2013

Worldwide Leader in Insurance Selects Absolute Computrace to Persistently Track and Secure Tablet Fleet

Vancouver, Canada: November 6, 2013Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced a significant Absolute Computrace® Data Protection deal in the Asia-Pacific Region. A worldwide insurance provider in Japan chose Computrace to secure corporate data and track thousands of Fujitsu Windows tablets.

Computrace is the only persistent solution that allows the customer to track and secure 7000 tablets within a single cloud-based console. IT is able to maintain a persistent connection with every tablet in their deployment, regardless of user or location, even if the tablet is wiped or reset to factory settings. Device freeze or data delete commands can easily be executed on a missing or stolen device from the Computrace console to prevent data breaches.

“Absolute Software has seen strong business growth in the Asia-Pacific Region over the past year,” said Mark Grace, Vice President, Asia-Pacific at Absolute Software. “We are the industry standard in persistent endpoint security and management solutions and more prospects in this region are realizing what we provide - the ability to track, manage and secure all devices from a single console.”

The overall sales contract, which was valued at approximately US$975,000, was booked in the September quarter with standard payment terms. Revenue from the contract components is expected to be recognized over a term of four years.

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About Absolute Software

Absolute Software (NASDAQ: ABST) (TSX: ABST) is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by more than 18,000 customers, G2 recognized Absolute as a leader for the tenth consecutive quarter in the Summer 2022 Grid® Report for Endpoint Management and as a high performer in the G2 Grid Report for Zero Trust Networking.

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