Absolute Software, makers of the Persistance(TM) silicon/firmware tracking technology, is selling off some of it’s products, to focus on it’s core security business.
HEAT Software, a global provider of Hybrid Service Management and Unified Endpoint Management (UEM) solutions for organizations of all sizes, today announced that it has reached a definitive agreement to acquire the assets and operations related to Absolute Manage and Absolute Service from Absolute Software Corporation. HEAT Software is a portfolio company of Clearlake Capital Group.
Absolute Software Corporation (TSX: ABT) today announced that it has signed a definitive agreement with HEAT Software for the sale of the assets and operations related to Absolute Manage(R) and Absolute Service, its computer lifecycle management and IT service management businesses. The transaction is subject to the satisfaction of normal closing conditions and is expected to close in early October, 2015. After the transaction closes, Absolute will work closely with HEAT Software to ensure a smooth transition and uninterrupted service to existing Absolute Manage and Absolute Service customers.
“We are pleased with the terms of this agreement and are incredibly excited for the future of our business,” said Geoff Haydon, chief executive officer, Absolute. “This divestiture enables us to singularly focus on our core information security business. With the ability to focus resources and investments on our adaptive endpoint security solutions, we are favorably positioned to accelerate our technology roadmap, extend our unique persistence platform, and strengthen our market leadership in this important segment globally.”
https://www.absolute.com/en/about/pressroom/press-releases/2015/absolute-announces-sale-of-absolute-manage-and-absolute-service
http://www.heatsoftware.com/news/press-releases/heat-software-acquire-absolute-manage-and-absolute-service-businesses-absolute
http://www.clearlakecapital.com/portfolio.html
https://www.absolute.com/en/partners/compatibility
https://www.absolute.com/en/about/persistence
Firmware Security 