Absolute Software Introduces New Resilience for Student Devices Offering

Rhea-AI Summary

Absolute Software (NASDAQ: ABST) has launched Absolute Resilience for Student Devices, a new solution aimed at K-12 schools to enhance management of 1:1 device programs amidst hybrid learning. This offering assists IT teams in tracking, reporting, and recovering lost devices, addressing a 45% increase in device loss noted in recent reports. The MSRP is set at $49.95 per device for a 3-year term. With streamlined processes for compliance and efficient device management, this initiative aims to save educational institutions significant resources that can be redirected to enhancing student learning.

Positive

• Launch of Absolute Resilience for Student Devices to help schools manage 1:1 device programs.
• Addresses significant device loss, as reported to have increased by 45%.
• MSRP of $49.95 for a 3-year term, potentially a cost-effective solution for schools.
• Streamlined processes for device auditing and reporting, aiding compliance with federal funding requirements.

Negative

• None.

Enables schools to better secure and protect hybrid learning environments, streamline device collection, and meet auditing and compliance requirements for funding programs like ARPA and FCC ECF

VANCOUVER, British Columbia & SAN JOSE, Calif.--(BUSINESS WIRE)-- Absolute Software™ (NASDAQ: ABST) (TSX: ABST), a leader in self-healing Zero Trust solutions, today announced the availability of Absolute Resilience for Student Devices, a new K-12 offering specially designed to enable school IT teams with the critical capabilities needed to better manage individual (1:1) device programs in hybrid learning environments. The company’s new offering includes Visibility and Control of student devices, access to key information for auditing and reporting, and annual support to streamline the collection of missing devices.

Despite most schools returning to in-person learning for this school year, 1:1 device programs have become the norm - increasing the number of devices distributed to students by 74 percent in 2020 alone. The rise in 1:1 programs also contributed to a 45 percent increase in the number of devices reported either missing or stolen at the end of the school year, according to Absolute’s latest Education Endpoint Risk Report. The new hybrid/ learn-from-anywhere model underscores the complexity IT teams are facing as they scale systems and processes for device management—from deployment to collection, configuration to end-of-life – and the need to keep track of it all for reporting requirements connected to federal funding.

Combining Absolute’s ubiquitous device Visibility and Control capabilities with a missing device collection service managed by a team of reclamation experts, the Absolute Resilience for Student Devices offer is designed to alleviate this growing problem for school districts and their IT teams. With end-of-year missing device collection now becoming increasingly complex and time-consuming, Absolute’s ability to plan, execute, and enable a seamless device collection process helps to mitigate device loss, and simplifies auditing and reporting for devices purchased with state or federal disbursements such as the American Rescue Plan Act (ARPA) or Emergency Connectivity Fund (ECF).

“Every year schools are forced to spend valuable time and resources trying to recover student devices that would be better spent focused on providing students with the best learning experience possible,” said John Herrema, EVP of Product and Strategy at Absolute Software. “By enabling schools with this new offering, education IT teams can further simplify the management and collection of missing or stolen devices at the end of each school year and save hundreds of millions of dollars that can be re-allocated towards the student’s learning curriculum.”

The Absolute Resilience for Student Devices Offer was specifically designed to help resource-strapped IT teams at K-12 school districts manage and maintain their 1:1 device programs for the long term. Benefits include the ability to:

• Effectively track, monitor, and secure student devices no matter where they are, both on and off campus
• Stay audit ready with customizable reports on devices purchased with US state and federal disbursements such as the CARES Act, ARPA, and the FCC’s ECF
• Improve device return rates, and save time and money, by outsourcing missing device collection to Absolute’s team of experts who will operationalize the process
• Maintain device operations and security posture with comprehensive remote lifecycle management capabilities — from configuration to decommissioning — and the ability to address the latest reported vulnerabilities across device fleets

The Absolute Resilience for Student Devices offer has an MSRP of USD $49.95 per device for a 3-year term for new customers. Other term lengths are also available. The offer is initially available for K-12 school districts in the US and Canada. To learn more, visit here.

For more information about Absolute’s education solutions, visit here.

About Absolute Software

Absolute Software (NASDAQ: ABST) (TSX: ABST) accelerates customers’ shift to work-from-anywhere through the industry’s first self-healing Zero Trust platform, helping ensure maximum security and uncompromised productivity. Absolute is the only solution embedded in more than half a billion devices offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network access to help ensure their cyber resilience tailored for distributed workforces. Trusted by nearly 16,000 customers, G2 recognized Absolute as a leader in Zero Trust Networking in the Fall of 2021.

©2021 Absolute Software Corporation. All rights reserved. ABSOLUTE and the ABSOLUTE logo are registered trademarks of Absolute Software Corporation. 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/20211206005161/en/

Media Relations

Becki Levine, Absolute Software

press@absolute.com

858-524-9443



Investor Relations

Joo-Hun Kim, MKR Group

IR@absolute.com

212-868-6760

Source: Absolute Software

FAQ

What is Absolute Resilience for Student Devices launched by Absolute Software?

Absolute Resilience for Student Devices is a new solution designed to help K-12 schools manage and recover student devices in hybrid learning environments.

How much does Absolute Resilience for Student Devices cost?

The MSRP for Absolute Resilience for Student Devices is $49.95 per device for a 3-year term.

What issue does the new offering from Absolute Software address?

It addresses the significant increase in device loss reported by schools, which rose by 45% due to expanded 1:1 device programs.

How does Absolute Resilience help K-12 schools comply with funding requirements?

The offering provides streamlined auditing and reporting capabilities for devices purchased with federal funding, aiding compliance with programs like ARPA and FCC ECF.