Absolute Strengthens Product Leadership Team

- Appoints Information Security Veterans from Microsoft and Symantec-

VANCOUVER, Nov. 9, 2015 /CNW/ - Absolute® Software Corporation (TSX: ABT) the industry standard for persistent endpoint security and data risk management solutions, today welcomed Eric Aarrestad and Todd Wakerley as senior vice president of Product Management and Product Development, respectively.

As senior vice president, Product Management, Mr. Aarrestad will advance product innovation while leading a world-class product organization. Aarrestad is responsible for defining the product strategy and roadmap for all segments of the business, enabling continuous improvement and providing competitive advantage for the Absolute Data & Device Security (DDS) product line.

Aarrestad has worked in enterprise IT product management for more than 20 years, with extensive expertise in SaaS and information security, having previously held leadership positions at Microsoft®, HEAT Software and WatchGuard Technologies.

"This role is an incredible opportunity to work closely with an accomplished team and play a central role in advancing such a unique technology platform," said Aarrestad. "I look forward to working with the Absolute team, customers, and partners to understand the opportunities and define a roadmap that will support the company's vision and strategy."

In the role of senior vice president, Product Development, Mr. Wakerley will lead a globally distributed team of people to execute on the product roadmap, positioning Absolute for continued growth. Wakerley will oversee all software development activities and drive the process of aligning engineering efforts to Absolute's strategic objectives.

Wakerley's career spans more than 15 years of software development and endpoint security experience. Prior to Absolute, Mr. Wakerley served as senior director, Mobile Software Development at Symantec Corporation where he specialized in SaaS and on-premise security and storage solutions.

"With Persistence technology, Absolute is well positioned to explore new applications and develop innovative ways to address the challenges that enterprise organizations face when it comes to information security," said Wakerley. "I'm thrilled to join the Absolute team and to contribute to the advancement of its security solutions." 

"Eric and Todd bring complementary, customer-centric approaches to our team, with a collective passion towards addressing customer needs. Their significant experience working with SaaS-based security products will serve Absolute and our customers extremely well," said Christopher Bolin, chief product officer, Absolute. "I'm confident they will add tremendous value to our business and will be instrumental in the evolution of our technology and the expansion of our customer and partner relationships."

About Absolute

Absolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint security and data risk management solutions. Persistence® technology from Absolute provides organizations with visibility and control over all of their devices, regardless of user or location. If an Absolute client is removed from an endpoint, it will automatically reinstall so IT can secure each device and the sensitive data it contains. No other technology can do this. Persistence technology is embedded in the firmware of computers, netbooks, tablets and smartphones by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Microsoft, Panasonic, Samsung, and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute, visit www.absolute.com.

©2015 Absolute Software Corporation. All rights reserved. Absolute and Persistence are registered trademarks of Absolute Software Corporation. For patent information, visit www.absolute.com/patents. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

SOURCE Absolute Software Corporation

Public Relations: Becky Obbema, Interprose, [email protected] or 1 408 778 2024; or Toru Levinson, Absolute, [email protected] or 1 604 730 9851 x208; Investor Relations: Kristen Dickson, NATIONAL Equicom, [email protected] or 1 416 848 1429