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), a leader in self-healing security solutions, has forged new commercial agreements with Aranda Software and IMTLazarus to enhance application resilience through its Application Persistence-as-a-Service (APaaS). This integration allows for automatic self-healing of mission-critical applications, ensuring they remain healthy and operational. The collaboration aims to minimize operational costs while maximizing IT investments for customers. Notably, Absolute Software is embedded in over 600 million devices and recognized by G2 as a leader in Endpoint Management for the twelfth consecutive quarter.
Absolute Software Corporation (NASDAQ: ABST) announced financial results for Q2 fiscal 2023, ending December 31, 2022, will be released on February 14, 2023, after market close. Investors can find the financial statements on www.absolute.com, SEDAR, and EDGAR. A conference call will follow at 5:00 p.m. ET to discuss results and outlook. Absolute Software, a leader in self-healing intelligent security solutions, serves over 18,000 customers and has embedded its solutions in over 600 million devices.
Absolute Software (NASDAQ: ABST) has been recognized as a Leader in the G2 Winter 2023 Grid Reports for both Endpoint Management and Zero Trust Networking. This marks the twelfth consecutive quarter for Absolute Secure Endpoint in the highest quadrant based on verified user ratings and customer satisfaction. Additionally, Absolute Secure Access has also gained recognition for the second consecutive quarter. With its patented Persistence® technology embedded in over 600 million devices, Absolute enhances cyber resilience against threats. The feedback emphasizes customer satisfaction and the effectiveness of their solutions.
Absolute Software (NASDAQ: ABST) has declared a quarterly dividend of CAD$0.08 per share on its common stock. This dividend is payable in cash on February 23, 2023, to shareholders of record at the close of business on February 9, 2023. Dividends are categorized as eligible under subsection 89(14) of the Canadian Income Tax Act. Absolute Software specializes in self-healing, intelligent security solutions that protect over 600 million devices, and is recognized as a leader in Endpoint Management and Zero Trust Networking by G2 for eleven consecutive quarters.
Absolute Software (NASDAQ: ABST) has achieved a FedRAMP Ready designation for its Secure Endpoint product suite, marking a significant milestone in its efforts to enhance cyber resiliency for federal agencies. This classification, awarded at the Moderate Impact level, enables agencies to better manage risks, reduce IT costs, and improve incident response. Absolute's product is embedded in over 600 million devices, offering self-healing capabilities. Despite a rising market for information security, the company faces uncertainty regarding full FedRAMP certification and demand within the public sector.
Absolute Software (NASDAQ: ABST) will present a fireside chat at the 25th Annual Needham Growth Conference on January 10, 2023, at 11:45 AM ET. This event highlights the company's position as a leading provider of self-healing, intelligent security solutions, embedded in over 600 million devices. Absolute's platform enhances cyber resilience against threats like ransomware. The webcast will be available on the Absolute Investor Relations website, reinforcing its reputation with 18,000 customers and recognition as a leader in endpoint management and zero trust networking.
Absolute Software Corporation (NASDAQ: ABST) announced the results of its annual general meeting held on December 7, 2022. All seven nominees for director were elected, with voting percentages ranging from 68.30% to 99.46%. The shareholders also voted to maintain the number of directors at seven and to reappoint Deloitte LLP as the auditor. Detailed voting results will be available on SEDAR and EDGAR.
Absolute Software specializes in intelligent security solutions, and is recognized for its cyber resilience capabilities.
Absolute Software (NASDAQ: ABST) has been recognized as a "Vendor to Watch" by Omdia in its latest report on Endpoint Security Platforms. This recognition highlights Absolute's capabilities in providing resilience, visibility, and control across millions of remote endpoints. Key features of Absolute's Secure Endpoint portfolio include device tracking, geofencing, remote management, and self-healing applications. The company emphasizes the growing importance of endpoint security in today's remote work environment, aiming to enhance cyber resilience against rising threats.
Absolute Software (NASDAQ: ABST) announces significant updates to its Absolute Secure Endpoint and Secure Access solutions, enhancing user experience, visibility, and integrations. The updates emphasize self-healing capabilities for resilient Zero Trust environments. Key features include the expansion of Public APIs and the Absolute Connector for ServiceNow, allowing enhanced automation and compliance tracking. With over 600 million devices embedded, the platform supports critical security applications. Recent research validates Absolute's unique approach to integrated security, improving operational efficiency in cybersecurity.
Absolute Software (NASDAQ: ABST) will present at the 2022 Raymond James Technology Investors Conference on December 6, 2022, at 10:20 am ET. The event will highlight the company's unique self-healing, intelligent security solutions, embedded in over 600 million devices. With a client base of 18,000, Absolute has been recognized as a leader in Endpoint Management by G2 for eleven consecutive quarters. A live webcast of the presentation will be available on the Absolute Investor Relations website.
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