Acquisition expands Absolute's Asset Management capability and enters into the
IT Service Support Management market
VANCOUVER, Nov. 20, 2012 /CNW/ - Absolute® Software Corporation ("Absolute"
or the "Company") (TSX: ABT), the leading provider of firmware-embedded,
persistent endpoint security and management solutions is pleased to announce
that it has successfully completed the acquisition of the assets of
privately-held LiveTime Software, a SaaS and on-premise help desk and IT
Service Support Management (ITSSM) provider.
"We are pleased to complete the acquisition of LiveTime Software," said John
Livingston, Chairman and CEO at Absolute Software. "LiveTime solutions will
strongly complement our persistent endpoint security and management solutions.
By leveraging our existing sales channels and current customer base, we are
well positioned to become a major player in the help desk and ITSSM market."
"We are excited to be part of the Absolute team and have a clear vision
forward with the integration of Absolute's best of breed solutions," said
Darren Williams, VP & GM Service Management at Absolute Software. "Under the
Absolute umbrella, we can now provide customers with both cloud and on premise
solutions to automate their IT service management processes, thereby lowering
their operational costs and improving operating efficiencies."
As part of the launch of LiveTime Software under the Absolute umbrella,
LiveTime Service Manager will become Absolute Service and LiveTime Help Desk
will be renamed Absolute Help. Consistent with all of Absolute's solutions,
Absolute Service and Absolute Help will be differentiated based on ease of
use, rapid deployment and multiple device support to provide customers with
the required functionality without the extensive professional services and
development work most solutions in the market currently require. More
information can be found at www.absolute.com/livetime.
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the world leader in
firmware-embedded endpoint security and management for computers and
ultra-portable devices. The Company, a leader in device security and
management tracking for more than 18 years, has over 30,000 commercial
customers worldwide. Positioned as a Visionary vendor in Gartner, Inc.'s Magic
Quadrant for Client Management Tools in 2012, Absolute's solutions -
Computrace, Absolute Manage, 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. The Company's Computrace
persistence technology is embedded in the firmware of computers, netbooks, and
tablets 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
©2012 Absolute Software Corporation. All rights reserved. Computrace and
Absolute are registered trademarks of Absolute Software Corporation. LoJack is
a registered trademark of LoJack Corporation, used under license by Absolute
Software Corporation. LoJack Corporation is not responsible for any content
herein. U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No.
5,896,497, No. 6,087,937, No. 6,244,758, No. 6,269,392, No. 6,300,863, No.
6,507,914, No. 7,818,557, No. 7,818,803, No. 7,945,709 and No. 8,062,380.
Canadian patents No. 2,211,735, No. 2,284,806, and No. 2,205,370. U.K. patents
No. EP0793823, No. GB2298302, and No. GB2338101. German patent No. 69512534.
Australian patent No. 699045. Japanese patent No. JP4067035. The Toronto Stock
Exchange has neither approved nor disapproved of the information contained in
this news release.
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Investor Relations: Dave Mason, CFA, TMX/Equicom firstname.lastname@example.org or
Kristen Dickson, MSc, TMX/Equicom email@example.com or 416.815.0700
SOURCE: Absolute Software Corporation
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-0- Nov/20/2012 12:30 GMT
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