Vancouver, Canada: June 13, 2014 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced that the company’s Board of Directors has appointed Mr. Geoff Haydon, formerly of EMC Corporation, as Chief Executive Officer and as a member of the Board of Directors.
“We are extremely pleased to have someone of Geoff’s caliber join to lead Absolute,” stated Mr. Daniel P. Ryan, Chairman of Absolute. “With his background in enterprise security software and his proven track record of growth and experience in both North American and global markets, he is the right person to take Absolute to the next level in terms of revenue growth, global reach and increased profitability.”
Mr. Haydon brings more than 20 years of IT experience to the role. He has successfully built high performance teams and led businesses in the Americas, the Asia Pacific region and EMEA. Most recently he was Chief Operating Officer for EMC’s Asia-Pacific and Japan region. In that role he led a cross-functional team that drove the multi-billion dollar business unit. Prior to this role, Mr. Haydon was Vice President of Americas Sales at RSA, a division of EMC, where he was responsible for creating and executing RSA’s market strategies. Under his leadership, RSA’s business in the Americas consistently outperformed its business and market share objectives and delivered strong double-digit growth. Before the Americas position, Mr. Haydon ran the RSA business for Asia Pacific and Japan where he more than doubled RSA’s market share in the region.
“I am tremendously excited about the opportunity to join the team at Absolute and to build on the Company’s past success,” said Mr. Haydon. “Absolute has a unique solution portfolio that addresses the key security and management challenges that organizations are facing with the rise of mobility. With a broad product portfolio, diverse customer base and strong financial foundation, Absolute is extremely well-positioned to take advantage of this multi-billion market opportunity.”
Mr. Haydon is a Dean Honour’s List graduate from the Ivey School of Business at the University of Western Ontario. He will join Absolute on July 7 and will relocate to Absolute’s corporate head office in Vancouver, Canada.
With the appointment of Mr. Haydon and as part of the leadership transition plan, Mr. Rob Chase, Absolute’s Chief Operating Officer, has announced he is leaving the Company to pursue other interests. Mr. Chase’s departure will be effective June 18, however he will continue to be involved with the company in a more limited capacity as a strategic advisor. The Board of Directors thanks Mr. Chase for his fourteen years of service and dedication to the Company.
Mr. Errol Olsen, who has served as interim Chief Executive Officer, will continue in his role as Absolute’s Chief Financial Officer. “On behalf of the board, I would like to thank Errol for taking on the added responsibilities of the interim CEO role and continuing to drive Absolute toward achievement of its strategic goals,” stated Mr. Ryan.
About Absolute
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 at www.absolute.com and follow us at @absolutecorp.
Forward-Looking Statements
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.
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For more information, please contact:
Media and Analyst Relations
Jill Rosenthal, InkHouse
absolute@inkhouse.com or 781-966-4167
Investor Relations
Joo-Hun Kim, MKR Group
joohunkim@mkrir.com or 212-868-6760