Welcome to our dedicated page for Absolute Software Corporation news (Ticker: ABST), a resource for investors and traders seeking the latest updates and insights on Absolute Software Corporation stock.
Absolute Software Corporation (NASDAQ: ABST, TSX: ABST) is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices globally, 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. The company specializes in protecting devices, data, applications, and users both on and off the network, thereby bridging the gap between security and IT operations.
Notably, Absolute’s patented Persistence® technology is embedded in the firmware of over a billion PC and mobile devices and is trusted by nearly 21,000 customers worldwide. This technology ensures that enterprises have actionable visibility to protect every endpoint, remediate vulnerabilities, and ensure compliance against insider and external threats. The company has also received recognition as a Leader for the fourteenth consecutive quarter in G2’s Summer 2023 Grid® Report for Endpoint Management and for the fourth consecutive quarter in the Grid Report for Zero Trust Networking.
Recently, Absolute expanded its Security Service Edge (SSE) solution with the launch of the Absolute Secure Web Gateway Service, optimized for hybrid and mobile work models. This new offering provides robust protections including multiple anti-virus scans, remote browser isolation, and data loss prevention. In addition, Absolute has been acknowledged by Forrester in its Q2 2023 Zero Trust Platforms Landscape report, emphasizing its capabilities to enhance visibility into enterprise assets and segmentation across distributed enterprises.
In terms of financial performance, Absolute reported a revenue of $58.8 million for Q3 F2023, representing a 13% increase compared to the same period in the previous fiscal year. The company has been showing strong financial resilience with its advanced security offerings.
In May 2023, Absolute entered into an acquisition agreement with Crosspoint Capital Partners, L.P., valuing the company at roughly $870 million. The acquisition was completed in July 2023, marking Absolute’s transition to a privately held company with the backing of Crosspoint’s expertise in cybersecurity and infrastructure software markets.
Absolute Software (Nasdaq: ABST) has been named a Leader in the Spring 2021 Grid® Report for Endpoint Management by G2, marking its seventh consecutive quarter of high customer satisfaction. Reviewers praised the Absolute Resilience™ platform for its user-friendly interface and robust endpoint tracking features. The company emphasizes its patented Persistence® technology, ensuring a reliable connection to devices and facilitating effective IT management. This recognition highlights Absolute's commitment to securing devices in remote working environments.
Absolute Software (NASDAQ: ABST) has declared a quarterly dividend of CAD$0.08 per share, scheduled for payment on May 28, 2021. Shareholders of record will need to hold shares by the close of business on May 14, 2021. These dividends are categorized as eligible dividends under Canadian tax laws, which may benefit shareholders during tax season. Absolute Software specializes in Endpoint Resilience solutions, currently protecting over half a billion devices globally, ensuring connectivity and control for IT and Security organizations.
Absolute Software (NASDAQ: ABST) announced it will release its third quarter fiscal 2021 financial results on May 11, 2021, after market close. The financial statements will be available on their website, SEDAR, and EDGAR. A conference call to discuss results will take place the same day at 5:00 p.m. ET, accessible via phone or a live audio webcast. Absolute Software specializes in Endpoint Resilience solutions, providing organizations with visibility, control, and security for devices regardless of network status.
Absolute Software (NASDAQ:ABST) has announced significant enhancements to its Endpoint Resilience platform, enabling better detection and response to endpoint security risks. With its patented Persistence technology embedded in over half a billion devices, Absolute offers IT administrators robust tools for real-time alerts and immediate actions on device security incidents. The platform now includes support for Lenovo Device Intelligence, enhancing monitoring capabilities. These updates underscore Absolute's commitment to enhancing visibility and self-healing capabilities for critical applications.
Absolute Software (NASDAQ: ABST) recently released a commissioned study by Forrester Consulting, highlighting the evolving challenges in endpoint security amid increased remote and hybrid work. The study indicates a shift in security priorities towards automating protection for sensitive data (60%) and maintaining compliance. Security leaders face challenges in measuring ROI on existing investments, with only 38% able to do so. Absolute's Persistence technology offers continuous visibility and control, positioning the company as a key player in securing the future of work.
Absolute Software (NASDAQ: ABST) has been named in CRN's 2021 Partner Program Guide, highlighting its 5-Star rated partner program. This recognition underscores Absolute's commitment to empowering managed service providers and resellers with tools that support Remote Work and Distance Learning. The program focuses on enhancing partner success through a frictionless sales process, predictable recurring revenue, and high retention rates, reflecting Absolute’s strong customer satisfaction. The guide will be featured online and in the April 2021 issue of CRN.
Absolute Software (NASDAQ: ABST) has launched enhanced Web Usage analytics designed for IT and Security teams, offering deeper insights into website usage and application adoption. Following a significant 158% increase in customer adoption from Q1 FY21 to Q2 FY21, the updates allow organizations to visualize web usage, configure reporting hours, and monitor risky web access. With remote work models solidifying, this functionality aims to help businesses maximize their technology investments while ensuring secure online interactions.
Absolute Software (NASDAQ: ABST, TSX: ABST) will present at the 42nd Annual Raymond James Institutional Investors Conference on March 1, 2021, at 11:40 AM ET. A live webcast and replay will be available on the Absolute Investor Relations website. Absolute Software is a leader in Endpoint Resilience solutions, providing self-healing endpoint security.
Absolute Software (NASDAQ: ABST, TSX: ABST) has partnered with Fresno Unified School District (USD) to implement its Absolute Resilience™ platform. This platform provides real-time visibility and control over over 100,000 devices, enabling the district to efficiently manage its technology used for distance learning.
Fresno USD, the third largest school district in California, has expanded its device fleet significantly to support remote learning, ensuring operational continuity and student safety.
Absolute Software (NASDAQ: ABST, TSX: ABST) has been prioritized by the U.S. Federal Risk and Authorization Management Program (FedRAMP) to pursue a Provisional Authority to Operate (P-ATO) from the Joint Authorization Board (JAB). This recognition highlights the demand for its Endpoint Resilience platform among U.S. federal agencies. The FedRAMP process ensures that cloud service providers meet rigorous security standards. Absolute's CIO expressed excitement about this opportunity to enhance security solutions for federal customers.
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