Absolute® Software Corporation, a Vancouver-based provider of firmware-embedded endpoint security and management solutions, announced it has completed a US$1.4 million Computrace®Complete sale to provide its asset administration, theft management and investigative services to an existing education customer in the United States.
This contract win expands Absolute’s install base with this customer to more than 100,000 computers. Absolute recorded the sale in April and will recognize the associated revenue over a five-year period.
Armed with Computrace, the school district has embraced best practices for asset administration and data and device protection. In addition, Computrace’s ability to persist enables the customer to track, manage and recover its computers over their entire five-year lifecycle, which fulfills a key requirement for the customer’s Federal funding grants.
“Winning such a sizable follow-on Computrace contract with an existing customer is a strong testament to the quality of service we provide to our clients and the important role our anti-theft offerings play in helping organizations better track, manage and secure their computing devices,” said John Livingston, CEO of Absolute Software. “Computers have become such an important educational tool for students. We are pleased that Computrace helps school districts embrace this learning initiative.”