Worldwide Leader in Insurance Selects Absolute Computrace to Persistently Track and Secure Tablet Fleet
VANCOUVER, Nov. 6, 2013 /PRNewswire/ - 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. About Absolute Software Absolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint security and management for computers, laptops, tablets and smartphones. The Company, a leader in device security and management tracking for 20 years, has over 30,000 commercial customers worldwide. Absolute's solutions - Computrace, Absolute Manage®, Absolute Service, Absolute Secure Drive, and Computrace LoJack for Laptops - provide organizations with actionable intelligence to prove compliance, securely manage BYOD, and deliver comprehensive visibility and control over all of their devices and data. Absolute is positioned on two Gartner, Inc. Magic Quadrants - the Magic Quadrant for Client Management Tools and the Magic Quadrant for Mobile Device Management Software. Absolute is one of only four vendors to be recognized on both Magic Quadrants based on providing customers with the ability to secure and manage many different types of devices using a single solution. Absolute persistence technology is embedded in the firmware of computers, netbooks, tablets and smartphones by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software, visit www.absolute.com. This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance, functionality and availability of our services and products, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our 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 you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized. Furthermore, the forward-looking statements contained in this press release are made as at the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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