PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Absolute Software Corp.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Absolute Software Announces Intent to Divest Absolute Manage and Absolute Service - Company provides update on fiscal 2015 results - Absolute.com
Absolute Software Announces Intent to Divest Absolute Manage and Absolute Service

 

NewswireToday - /newswire/ - Vancouver, British Columbia, Canada, 2015/07/16 - Company provides update on fiscal 2015 results - Absolute.com. TSX: ABT

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Absolute® Software Corporation the industry standard for persistent endpoint security and data risk management solutions for computers, laptops, tablets and smartphones, today announced its intention to divest Absolute Manage® and Absolute Service, its enterprise mobility management and IT service management products.

“The Absolute management team and its Board of Directors are unified in our belief that this planned divestiture will strengthen Absolute,” said Geoff Haydon, Absolute’s chief executive officer. “The divestiture will enable us to focus on our core information security business, which constitutes more than 95 percent of our customers. It will also favorably position us to expand and strengthen our market leadership in this important segment.”

Plans to divest Absolute Manage and Absolute Service are consistent with the Company’s stated strategy to place a stronger emphasis on Absolute’s adaptive endpoint security solutions. With the ability to focus management and financial resources on this product line, Absolute will be in a position to accelerate its technology roadmap, extend its unique persistence platform, and deliver additional value to its customers.

Absolute Manage and Absolute Service represented approximately 11% of Absolute’s total Sales Contracts in the nine months ended March 31, 2015, and these product lines are estimated to be approximately break-even after direct expenses and the application of indirect expenses and overheads.

Absolute intends to operate Absolute Manage and Absolute Service as a separate business unit. Absolute remains committed to supporting these products and providing its customers with continued best-in-class support and service.

Absolute is also providing an update on its expected fiscal 2015 performance. For the fiscal year ended June 30, 2015 Absolute expects Sales Contracts of $101.1 - $101.5 million, revenue of $93.4 - $93.8 million and cash from operating activities of $22.9 - $23.3 million. Sales Contracts are expected to grow year-over-year in line with the Company’s outlook. Absolute’s fourth quarter results are expected to reflect a slight year-over-year decline in Sales Contracts as the Company continued to progress initiatives around refining its technology, geographic and vertical market focus, and restructuring its sales organization to maximize new and existing customer opportunities. Management remains confident this focused strategy will drive long-term growth in the information security market, and believes the Company has a unique opportunity to leverage its proven persistence platform to drive significant customer and shareholder value.

All dollar figures are unaudited and stated in U.S. dollars, unless otherwise indicated.

About Absolute Software
Absolute Software Corporation (absolute.com) is the industry standard in persistent endpoint security and data risk management solutions for computers, laptops, tablets and smartphones. Persistence® technology from Absolute provides organizations with visibility and control over all of their devices, regardless of user or location. If an Absolute software client is removed from an endpoint, it will automatically reinstall so IT can secure each device and the sensitive data it contains. No other technology can do this. Persistence technology is embedded in the firmware of computers, netbooks, tablets and smartphones by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Microsoft, Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple.

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 our 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 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 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 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 or financial outlook, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

©2015 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. For patent information, visit absolute.com/patents. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

Contacts:
Public Relations: Becky Obbema, Interprose
E: becky.obbema[.]interprosepr.com - P: +1 408-778-2024

Investor Relations: Kristen Dickson, CFA, TMX|Equicom
E: kdickson[.]equicomgroup.com - P: +1 416-815-0700 x273

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Absolute Software Corp.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Absolute Software Announces Intent to Divest Absolute Manage and Absolute Service

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Absolute Software |
Publisher Contact: Toru Levinson - Absolute.com 
604-730-9851 x208 tlevinson[.]absolute.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Absolute Software Corp. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Absolute Software Corp. / Company Profile


Read Software Most Recent Related Newswires:

NAKIVO VM Backup Appliance Based on Synology NAS Cuts IT Administration Time by 75% for Diam Group
Northbridge Companies Keeps Resident Records Secure with Yardi EHR
Cloud Analytics Leader Birst Awarded 2 Broad Patents for Smart Data Preparation and Smart Data Discovery & Visualization
Bank of Cyprus Taps IBM Technology and Expertise to Fuel and Accelerate Digital Transformation
Parallels Mac Management 6 for Microsoft SCCM adds Enhanced Security Tools, Improves Monitoring and macOS Deployment Capabilities
Chausport Reorganizes its Information System around Infor CloudSuite Fashion
Rocket Software Continues Modernization of UniData
Oracle Monetization Cloud Enables Recurring Revenue Models for Digital Services Providers
OpenText to Acquire Guidance Software
Telecom Brokerage Fuels Rapid Growth with NetSuite
Bomgar Announces New Global Channel Program to Support Growth Initiatives
ForeScout Partners with ServiceNow for Improved Asset Management, Compliance and Security Response
IBM X-Force Red Launches New Services for Automotive Industry and IoT
IBM and University of Alberta Publish New Data on Machine Learning Algorithms to Help Predict Schizophrenia
PTC Named a Global Leader in IoT Platforms by IDC MarketScape

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  RightITnow Ltd





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)