The story
Founded in 1993 in Vancouver, British Columbia, Canada, by Christian Cotichini and Fraser Cain, Absolute Security developed a product to manage, track and secure computers regardless of the physical location of devices. In 2000, Absolute Security became a publicly traded company on the Toronto Stock Exchange (TSX).
In 2005, Persistence technology patented by Absolute Security was embedded for the first time into the firmware or BIOS of Personal Computers (PCs). This was the start of an ongoing partnership with most major original equipment manufacturers (OEMs) where Absolute Security technology ships with the hardware from the factory.
In 2007, Microsoft awarded Absolute Security gold certified partner status in the Microsoft Partner Ecosystem.
Absolute Security's office in Europe was first established in November 2006, in Newbury, UK. In July 2009, a second regional office was opened in Austin, Texas, to serve as a base for the company's U.S.-based sales team.
In December 2009, Absolute Security announced its acquisition of the LANrev product suite, a computer systems management software application, from Pole Position Software. Following the acquisition, the product suite was rebranded as Absolute Asset Management, and eventually renamed as Absolute Manage.
In November 2012, Absolute Security acquired the assets of LiveTime Software, a privately held helpdesk and IT Service Support Management (ITSSM) provider. LiveTime assets were officially relaunched as part of Absolute Security's expanded product suite in January 2013 as Absolute Service, an IT Service Management (ITSM) tool. Absolute Service received PinkVERIFY ITIL 3 Certification from Pink Elephant.
In June 2013, Absolute Security acquired Palisade Systems, a privately-held provider of data loss prevention (DLP) technologies. In October, the firm launched a student and device protection initiative called Absolute Safe Schools, which educates students and staff of participating schools on the safe use of mobile devices and provides assistance in the event of device loss and theft.
In December 2013, John Livingston stepped down as chief executive officer and as a member of the board of directors at Absolute Security. On June 13, 2014, Geoff Haydon was appointed CEO and director.
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Absolute Security renamed Computrace to Data and Device Security (DDS) and refocused its business model in 2015. The company sold its Absolute Manage and Absolute Service products to HEAT Software in October 2015.
On November 2, 2018, Christy Wyatt was appointed CEO and President. She was named “New CEO of the Year” by the Globe and Mail in 2020. Business and technology news organizations have interviewed Wyatt on cyber security topics including ransomware, the zero trust security model, and the trend toward remote work during the COVID-19 pandemic.
In May 2023, Absolute Security announced it would be acquired by Crosspoint Capital Partners for $657 million. The acquisition was completed in July 2023, and the company (ticker symbol ABST) delisted from both the TSX and NASDAQ exchanges.
In 2024, Absolute announced that the company would be changing its name to Absolute Security to more accurately represent the company’s 30-year presence providing cybersecurity and cyber resilience to global organizations.
In September 2024, Absolute Security announced the acquisition of Syxsense, an endpoint and vulnerability management provider based in Costa Mesa, CA.
In June 2026, Absolute Security Zero Trust technology was recognized in Gartner’s Hype Cycles for Workspace Security and Private Networks for Industry.
In March 2026, the company released its annual Cyber Resilience Risk Index.
From Wikipedia’s article on Absolute Security, shared under CC BY-SA 4.0.7