Absolute Software Bolsters Secure Endpoint Portfolio with New Resilience and Intelligence Capabilities

Rhea-AI Summary

Absolute Software (NASDAQ: ABST) has announced enhancements in its Secure Endpoint portfolio aimed at bolstering security in hybrid working environments. Innovations include enhanced end user messaging for IT teams, a Web Subscriptions Report that helps measure the ROI of web applications, and an expanded application persistence catalog featuring 60 titles. With the rise of cyber threats, including potential ransomware attacks every two seconds by 2031, these updates are designed to improve customer resilience and better protect organizations' assets.

Positive

• Introduced enhanced end user messaging to improve communication during cyber incidents.
• Launched Web Subscriptions Report to help IT teams assess web application usage and ROI.
• Expanded the application persistence catalog to 60 titles, improving security options for customers.

Negative

• None.

Innovations include enhanced end user communication, expanded catalog of resilient applications, and deeper insights to optimize software investments

VANCOUVER, British Columbia & SAN JOSE, Calif.--(BUSINESS WIRE)-- Absolute Software™ (NASDAQ: ABST) (TSX: ABST), the only provider of self-healing, intelligent security solutions, today announced new innovations to its Secure Endpoint portfolio, re-enforcing the company’s commitment to empowering customers to strengthen resiliency in today’s work-from-anywhere world. These include end user messaging enhancements, an expanded catalog of resilient applications, and access to deeper insights needed to optimize existing Web application investments.

As cyber threats continue to escalate, some experts predict that organizations will face a new ransomware attack every two seconds by 2031. Additional data reveals that 97% of surveyed IT professionals believe that remote workers are exposed to at least some added risk – and in turn, that distributed or hybrid working expands their potential attack surface.

To enable IT and security teams to navigate these challenges, new capabilities available to Secure Endpoint customers include:

• Enhanced End User Messaging: IT and security teams can leverage Absolute’s undeletable firmware-embedded connection to all endpoints and send secure, on-device end user communication – even if other tools, such as email, have been disabled by a malicious actor or if a user’s device has been compromised. Additionally, users can receive detailed instructions on how to avoid their machine being impacted or how to quarantine an infected device to limit the spread.
• Broadened Intelligence: Absolute’s latest product release includes a newly available Web Subscriptions Report - enabling enterprise and education IT teams to accurately measure the return on Web tool investments. The consolidated report provides a ‘single pane of glass’ view into how web applications are being used by employees and students, enabling them to make more informed budgetary decisions related to license renewal or optimization for the upcoming year.
• Expanded Application Persistence Catalog: As part of this release, Absolute has increased the total number of titles available to its Resilience customers to 60; recent additions include BlackBerry CylancePROTECT and Ivanti Neurons for Unified Endpoint Management.

“With hybrid work environments here to stay, it is imperative to have solutions that can both strengthen overall security posture and provide a better end user experience,” said John Herrema, EVP of Product and Strategy at Absolute Software. “This latest product release equips IT and security teams with a reliable, two-way communication channel to reach employees – beyond email and other productivity applications, which are a prime target for malicious actors. Additionally, it enables them to automatically remediate critical applications when they are disabled or stop working effectively, as well as ensure their Web tool investments are being fully utilized and generating maximum ROI.”

To learn more about Absolute’s latest product release, including additional detail about what features are available to Control or Resilience tier customers, visit here.

About Absolute Software
Absolute Software (NASDAQ: ABST) (TSX: ABST) is the only provider of self-healing, intelligent security solutions. Embedded in more than half a billion devices, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by more than 17,000 customers, G2 recognized Absolute as a leader for the tenth consecutive quarter in the Summer 20022 Grid® Report for Endpoint Management and as a high performer in the G2 Grid Report for Zero Trust Networking.

©2022 Absolute Software Corporation. All rights reserved. ABSOLUTE, the ABSOLUTE logo, and NETMOTION are registered trademarks of Absolute Software Corporation or its subsidiaries. Other names or logos mentioned herein may be the trademarks of Absolute or their respective owners. The absence of the symbols ™ and ® in proximity to each trademark, or at all, herein is not a disclaimer of ownership of the related trademark.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220818005184/en/

Media Relations

Becki Levine

press@absolute.com

858-524-9443

Investor Relations

Joo-Hun Kim

IR@absolute.com

212-868-6760

Source: Absolute Software

FAQ

What innovations did Absolute Software announce on August 18, 2022?

Absolute Software announced enhancements to its Secure Endpoint portfolio, including improved end user messaging, a new Web Subscriptions Report, and an expanded application persistence catalog.

How does the new Web Subscriptions Report benefit IT teams?

The Web Subscriptions Report provides IT teams with insights into web application usage, helping them make informed decisions about license renewals and budget optimization.

What is the significance of enhanced end user messaging in cybersecurity?

Enhanced end user messaging allows IT teams to communicate securely with users, even if traditional tools are compromised, aiding in incident response and user guidance.

How many applications are now in Absolute Software's persistence catalog?

The application persistence catalog has been expanded to include 60 titles.

What is the stock symbol for Absolute Software?

The stock symbol for Absolute Software is ABST.