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. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. These statements reflect our current expectations. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These forward-looking statements relate to, among other things, the expected competitive advantage the Company will gain through the acquisition of the aforementioned assets (including the Company's ability to expand its relationships with OEM customers and the Company successfully integrating certain product features from the acquired assets into its existing product offerings), the 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. This press release contains forward-looking statements that involve risks and uncertainties. For more information about Absolute Software, please visit and. #ABSOLUTE LOJACK ALTERNATIVES SOFTWARE#The Company's software agent is embedded in the firmware of computers by global leaders, including Acer, ASUS, Dell, Fujitsu, General Dynamics Itronix, HP, Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. The Company's Computrace, Absolute Manage and LoJack(R) for Laptops solutions provide theft recovery, data protection and computer lifecycle management capabilities to organizations and consumers. Under the terms of the asset purchase agreement, Absolute paid approximately US$6.9 million in cash.Ībsolute Software Corporation (TSX: ABT) is the leader in tracking, managing and protecting computers and mobile devices. We have long valued our OEM relationships and the acquisition of FailSafe and Freeze solidifies our leadership position with these key partners." We will also use this acquisition as an opportunity to expand our computer manufacturer (OEM) relationships and embedded positions. "These two products provide some additional features we can incorporate into our existing suite of services. "This asset acquisition enhances our competitive position in the market and reaffirms our commitment to the anti-theft space," said John Livingston, CEO. Absolute will integrate certain components of the acquired technology into its industry leading Computrace(R) LoJack(R) for Laptops solution to extend its data protection and theft recovery capabilities. Freeze is Bluetooth(R)-enabled once a user steps out of the "zone of safety" their laptop is locked and their data protected. Freeze allows users to lock and unlock an XP or Vista based laptop when they walk away from it and unlock it when they return. (Nasdaq: PTEC).įailSafe is a competitive theft deterrence product that provides users the ability to protect, track, and manage their laptop and its files if it is ever lost or stolen. VANCOUVER, April 8 /PRNewswire-FirstCall/ - Absolute(R) Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure IT asset management announced today that on Apit purchased the technology assets of FailSafe(R) and Phoenix Freeze(TM) from Phoenix Technologies Ltd. Transaction extends Absolute's leadership position in anti-theft market
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