Enables customers to monitor and heal more than 30 leading security applications with recent addition of VMware Carbon Black

Absolute® (ABT.TO), the leader in endpoint resilience, today announced the company is extending the power of its Resilience solution and patented Persistence® technology to a growing ecosystem of leading endpoint security applications. Leveraging its firmware-embedded capabilities in more than 500 million endpoint devices, Absolute is strengthening endpoint resilience for customers by enabling them with the ability to self-heal, or automatically repair and restore, the mission-critical applications they need to ensure are undeletable.

IT and security administrators using Absolute Resilience are now able to persist more than 30 endpoint security agents and applications. The company continues to expand its Resilience ecosystem, most recently adding support for the market-leading security solution VMware® Carbon Black.

Absolute’s Endpoint Security Trends Report revealed that organizations have an average of 10 distinct agents layered onto endpoint devices, all competing with one another for device services and resources. The resulting complexity not only negatively impacts endpoint performance, but creates an environment ripe for collision and decay. This, along with humans tampering with or removing security controls, means that even the most well-functioning endpoint agents have a high probability of failure.

The report also shows that 70 percent of breaches originate on the endpoint, and 35 percent of breaches that occur are the result of vulnerabilities the enterprise already knew about. As a result, IT and security teams are grappling with increasing complexity and risk levels, while also facing mounting pressure to ensure endpoint controls maintain integrity, availablity and functionality at all times in order to deliver their intended value.

“The average enterprise today has already spent thousands, if not millions, of dollars on security controls and applications, and that total security investment only continues to rise in the face of escalating risk,” said Christy Wyatt, CEO of Absolute. “However, the vast number of controls and agents being invested in and subsequently piled onto the endpoint can introduce a false sense of security; those controls are only effective if they are present and actually running. A foundation of Resilience enables IT and security teams to understand the current state of their assets, understand if the security controls have been compromised, and heal those that have been taken offline.”

Absolute’s Persistence technology, the foundation of its Resilience solution, enables a self-healing, unbreakable two-way connection to endpoints, applications and data. It provides an adaptive layer of security defense by identifying and automatically remediating endpoint security controls that have been corrupted, tampered with, or removed from an endpoint device.

“Persistence [located] in the firmware is the number one item that I think really sets Absolute apart from other companies touting that they can do asset tracking better,” said Janet Hunt, Senior Director, IT User Support at Apria Healthcare. “They don't have that piece - the persistent piece is so important to me. I always am looking for opportunities to use different technologies as they come up, and I haven't found anything that's as good as Absolute.”

“We’ve seen a fundamental shift across our customer base as they realize the power of Resilience and Persistence,” Wyatt continued. “Absolute has had the unique ability to self-heal our own endpoint agent for nearly two decades. Applying this critical capability to the broader landscape of security solutions directly aligns with our top priority, which is to continue to deliver the innovative solutions our customers need to be more resilient.”

In addition to Carbon Black, Absolute Resilience customers have the ability to persist applications from CrowdStrike, Cisco, Citrix, Ivanti, McAfee, Symantec and others. A complete list of supported security vendors and applications that are part of the ecosystem can be found here.

To learn more about how leading enterprises are leveraging Absolute’s Resilience solution and patented Persistence technology to strengthen endpoint resiliency and security, visit: www.absolute.com.

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.

©2020 Absolute Software Corporation. All rights reserved. ABSOLUTE, the ABSOLUTE logo, and PERSISTENCE are registered trademarks of Absolute Software Corporation. Other names or logos mentioned herein may be the trademarks of their respective owners. For patent information, visit www.absolute.com/patents.

Forward-Looking Statements

This press release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) which relate to future events or Absolute’s future business, operations, and financial performance and condition. Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms and, within this press release, include, without limitation, and any statements (express or implied) respecting: Absolute’s future plans, strategies, and objectives; existing and new product functionality and suitability; and expectations for the size of the IT security industry. Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of our anticipated financial position, results of operations, and operating environment. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. The material expectations, assumptions, and other factors used in developing the forward-looking statements set out herein include or relate to the following, without limitation: Absolute will be able to successfully execute its plans, strategies, and objectives; the size of the IT security industry will be in line with industry experts’ and Absolute’s expectations; Absolute will maintain and enhance its competitive advantages within its industry and certain markets; Absolute will keep pace with or outpace the growth, direction, and technological advancement in its industry; Absolute’s current and future (if any) OEM partners will continue to provide embedded firmware and distribution and resale support; Absolute’s existing and new products will function as intended and will be suitable for the intended end users; and Absolute will be able to design, develop, and release new products, features, and services and enhance its existing products and services.

Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Absolute’s business, as more particularly described in the “Risk and Uncertainties” section of Absolute’s most recently filed Management’s Discussion and Analysis, which is available at www.absolute.com and under Absolute’s profile on www.sedar.com. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. Many of these factors are beyond the control of Absolute.

All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof and Absolute undertakes no 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.

Media Relations Shannon Tierney em: press@absolute.com ph: 415-544-7226

Investor Relations Joo-Hun Kim em: IR@absolute.com ph: 212-868-6760

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