Agreement will expand LoJack for Laptops distribution to
major online, B2B and retail outlets
VANCOUVER, Feb. 15 /PRNewswire/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure computer lifecycle management solutions announced today that it will be expanding the distribution of its consumer solution LoJack® for Laptops in partnership with SYX Distribution, a company that is an affiliate of, and provides distribution services to, TigerDirect, CompUSA and CircuitCity.com.
"Our research indicates that 40% of consumers have more than seven computer devices in their homes - many of these are treasured laptops, MacBooks and PCs. These represent a substantial investment and target for would-be thieves," said Mark Grace, vice president of consumer business at Absolute Software. "By making our solution widely available through TigerDirect's trusted shopping venues customers use to purchase these devices, we are making it that much more convenient for consumers to get proven anti-theft protection."
Beginning in the first quarter of calendar 2011, LoJack for Laptops will be available to consumers as part of their computer purchasing experience at major online, B2B and retail locations including: CompUSA, TigerDirect, and Circuit City. In addition, these retailers will offer LoJack for Laptops as part of all of their computer service offerings (for example, repair services, technical support services, and software installation services). The product may also be purchased as part of Service Warranty Plans and from the TigerDirect and CompUSA's B2B sales teams.
"LoJack for Laptops gives computer owners a degree of peace of mind that contributes to a better experience owning a computer," said Gilbert Fiorentino, CEO of TigerDirect. "This offering is a good addition to the value we can offer our customers."
LoJack for Laptops is the industry's leading computer anti-theft solution for home computer users. Powered by patented Computrace® technology, LoJack for Laptops is the chosen consumer theft recovery solution of the world's leading computer manufacturers.
Features of the subscription-based service include:
- Geolocation - For day-to-day use (in non-theft scenarios), consumers can keep track of their computer on an internet-based map.
- Device freeze - If a computer is suspected to be simply lost and not stolen, customers can freeze their computer and display a custom message for whoever finds it. In addition, an unauthorized user cannot access the content on the computer, keeping private information safe in an effort to prevent identity theft.
- Remote data delete - To protect their personal information, customers can choose to delete a pre-set group of files or all files, including the operating system.
- Managed theft recovery - If a computer is stolen, the Absolute Theft Recovery Team will work with local law enforcement to recover it.
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in tracking, managing and protecting computers and mobile devices. The Company's Computrace, Absolute Manage and LoJack® for Laptops solutions provide theft recovery, data protection and computer lifecycle management capabilities to organizations and consumers. 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. For more information about Absolute Software, visit www.absolute.com and http://blog.absolute.com.
TigerDirect (http://www.tigerdirect.com) serves the needs of both personal and business computer users, selling consumer electronics, computers, digital media technology and peripherals via retail stores, catalog and Internet channels. TigerDirect is a subsidiary of Systemax Inc. (NYSE: SYX).
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.
©2011 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 # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, # 6,087,937, # 6,244,758, # 6,269,392, # 6,300,863, # 6,507,914, # 7818557, # 7818803. Canadian patents # 2.211.735, # 2,284,806 and # 2,205,370. U.K. patents # EP793823, # GB2298302 and # GB2338101. German patent # 695 125 34.6-08. Australian patent # 699045. Japanese patent # JP4067035. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.
SOURCE Absolute Software Corporation