Vancouver, Canada: December 11, 2013 – Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced that John Livingston has tendered his resignation as Chief Executive Officer and as a member of the Board of Directors effective today. Errol Olsen, Chief Financial Officer, will serve as interim CEO while the Board conducts a search for a new CEO and Mr. Daniel Ryan will serve as Chairman of the Board.
“We are tremendously thankful for John’s contributions over the past 20 years that have seen Absolute evolve into a global leader in endpoint security and management,” said Mr. Ryan. “The company remains committed to our strategic focus on accelerating sales growth and expanding into new markets. We believe we have the right product mix to address the security challenges faced by organizations today as they adopt mobility at an increasing rate.”
“It has been a privilege to lead Absolute from a small Vancouver operation to the global enterprise software company that it has become today,” stated Mr. Livingston. “As we enter our 20th year and Absolute moves to the next phase of growth, the time is right for a new perspective and new leadership.”
Mr. Ryan has served as a director since July 2011. He is a seasoned executive with over 25 years experience in the technology sector focused on business development, sales, marketing and product strategy. Since 2011 Dan has been CEO of RedBrick Health, a health engagement company, where he is responsible for driving the organization’s overall strategy and growth. Prior to RedBrick, he was president and CEO at Secure Computing, a $250M leader in enterprise security solutions, which was acquired by McAfee where Dan served as EVP and General Manager of their $500M Network Security Business Unit.