Absolute Software Wins $975,000 Deal in Asia-Pacific Region
Worldwide Leader in Insurance Selects Absolute Computrace to Persistently Track and Secure Tablet Fleet
Vancouver, Canada: November 6, 2013 – Absolute® 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.
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.