Absolute Software Listed as A Representative Vendor in The 2022 Gartner® Market Guide for Zero Trust Network Access

Rhea-AI Summary

Absolute Software (NASDAQ: ABST) has been recognized as a Representative Vendor in Gartner's 'Market Guide for Zero Trust Network Access' (ZTNA). This acknowledgment highlights Absolute's ZTNA product, formerly known as NetMotion, amidst increasing demand for secure, hybrid workforce solutions. Gartner reports a 60% year-over-year growth in the ZTNA market, reinforcing the significance of endpoint security. Christy Wyatt, President and CEO, emphasized the importance of self-healing endpoint security in today's cyber landscape, signifying Absolute's commitment to their customers’ security needs.

Positive

• Recognition as a Representative Vendor in Gartner's ZTNA report continues to enhance brand credibility.
• Highlighted 60% year-over-year growth in the ZTNA market suggests strong demand and market potential for Absolute's offerings.

Negative

• None.

VANCOUVER, British Columbia & SAN JOSE, Calif.--(BUSINESS WIRE)-- Absolute Software™ (NASDAQ: ABST) (TSX: ABST), a leader in self-healing endpoint and secure access solutions, today announced that it has been identified as a Representative Vendor in the Gartner "Market Guide for Zero Trust Network Access” (ZTNA) report.

Absolute was named in the category for its ZTNA product (formerly NetMotion)¹. According to Gartner, “An increased focus by end-user organizations on zero trust strategies — and a desire to provide a more secure, flexible hybrid workforce connectivity — is driving increased interest in the ZTNA market.” Gartner noted a 60% YoY growth rate for the ZTNA category, proving a rapid pace of market growth.

"Escalating cyber events continue to demonstrate why enterprises need to be vigilant about their endpoint security posture and ensure that all critical security controls are working effectively; the value of self-healing endpoint security has never been clearer, or more relevant,” said Christy Wyatt, President and CEO of Absolute Software. "We believe being named by Gartner as a Representative Vendor reinforces our long-term vision and dedication to our customers."

Absolute Secure Access (formerly NetMotion) is the only platform to offer both ZTNA and Virtual Private Network (VPN) solutions, enabling organizations to leverage the same secure tunnel to gradually adopt ZTNA while also retaining an enterprise VPN to be used when needed.

The ZTNA market is described by Gartner as having “evolved from primarily being a VPN replacement to a key component of a standardized architecture for (remote and small branch) user to application zero trust networking. ZTNA has yet to gain major traction in the large branch or campus environments due to high per-user cost and existing investment in appliance- based solutions. Gartner views ZTNA technology as an important organizational step toward increasing the maturity of your zero trust program. When combined with SWG and CASB offerings, ZTNA forms one of the key technological underpinnings of the emerging SSE market.”

To download the Gartner Market Guide for Zero Trust Network Access, visit here.

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About Absolute Software
Absolute Software (NASDAQ: ABST) (TSX: ABST) is a leading provider of self-healing endpoint and secure access solutions, delivering truly resilient zero trust for today’s distributed workforces. Absolute is the only endpoint platform 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 connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by nearly 16,000 customers, G2 recognized Absolute as a leader in Zero Trust Networking and Endpoint Management in the Winter of 2022.

©2022 Absolute ©2022 Absolute Software Corporation. All rights reserved. ABSOLUTE, the ABSOLUTE logo, and NETMOTION 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.

Gartner, “Market Guide for Zero Trust Network Access”, Aaron McQuaid, Neil MacDonald, John Watts, Shilpi Handa, 17 February 2022.

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Source: Absolute Software