1/13/2004 - Phoenix Technologies Ltd. (Nasdaq: PTEC), the company driving the global core system software standard in PCs and connected digital devices for 25 years, and Absolute® Software Corporation (TSX-VEN: ABT), the leader in software-based computer tracking and loss control, announced that Phoenix will modify its TrustedCore, FirstBIOS, and FirstBIOS Pro products to support Absolute's security platform and its patented Computrace® Plus software beginning in March.
For more than four years, Phoenix has been aggressively involved in creating products and technologies that support a more trusted computing experience, This is especially critical today, with a rapidly increasing threat of security attacks through networked devices.
ComputracePlus deters theft of remote, mobile, and desktop computers, ensuring that they are protected and locatable. If ComputracePlus is installed and the computer is lost or stolen, it transmits regular location information when it is connected to a telephone line or the Internet. This allows Absolute to protect the computer in several ways - by wiping the hard drive of all data, by disabling the PC, and by tracing it to a particular location so the hardware can be recovered. Because the software is enabled in the BIOS, it is nearly impossible for unauthorized parties to remove. The location of protected computers can be tracked even if the hard drive is reformatted or if the operating system is replaced.
"Computer theft is an expensive problem for businesses, not only because of the hardware loss, but also for the compromised intellectual property," said John Livingston, CEO and chairman of Absolute. "ComputracePlus makes the stolen computer worthless to thieves, who can be traced without their knowledge. Our partnership with Phoenix allows a secure agent to live on the PC. This is an excellent differentiator for OEMs and system builders, who can add our security platform and applications without making any changes to the BIOS."
According to the FBI, 97% of stolen computers are never recovered. In the 2003 CSI/FBI Computer Crime and Security Survey, laptop theft was the second most common type of computer security incident resulting in financial loss, as reported by 47% of all respondents.
"Our relationship with Absolute brings value to our customers in several ways," says Timothy D. Eades, Senior Vice President and General Manager, Corporate Marketing and Product Division for Phoenix. "It improves out-of-the-box security for our PC OEMs such as IBM, Fujitsu, or Toshiba, they can add excellent value at minimal cost, they can deliver protection with a smaller memory requirement, and they have a BIOS that is already modified for Absolute security enablement. Having security built right into the firmware is significantly better than simply placing it on the hard drive, where it can be compromised."
Absolute Customer Quotes:
Dave Johnson, Director of Infrastructure Technology for Grant Thornton - "Grant Thornton has been using ComputracePlus to help track missing or stolen computers for over three years. We're excited that the software will now be supported in the BIOS because it means ComputracePlus will be virtually impossible for anyone but authorized staff to remove. Unfortunately, our PC vendor doesn't currently use the Phoenix BIOS, but I'm going to strongly encourage them to adopt this technology."
John S. Martinicky, Director of Corporate Security for International Truck and Engine - "Laptop theft is a key security concern for many large corporations. ComputracePlus is a proven theft deterrent for us. In the eight years we've used the software, it has helped us recover computers from Kentucky to Ohio to Illinois. This new partnership will help make ComputracePlus nearly impossible to defeat. We will definitely ask our PC vendor to make this option available to us."
Companies wishing to purchase PCs with ComputracePlus technology enabled with Phoenix products should contact Absolute, Phoenix, or their PC hardware vendor.
Founded in 1979, Phoenix Technologies (NASDAQ: PTEC) helped launch the digital revolution when it created the industry's leading machine-independent BIOS software, which ships in more than 100 million new systems each year. Phoenix leveraged that core-level experience to develop Core System Software, which moves beyond BIOS for the age of networked devices. Today, Phoenix solutions activate, secure, connect, and recover the world's best-known systems. These solutions operate from the Phoenix Core Managed Environment (cME), where they're built in and protected from viruses, user errors, hackers, and corruption. Phoenix is headquartered in Milpitas, Calif. USA (Silicon Valley), with offices in global business and technology centers. For more information about Phoenix Technologies, visit our Web site at http://www.phoenix.com/
About Absolute Software
Absolute is a leading provider of computer security and asset management services and software for corporate, government, healthcare and education customers. Absolute helps organizations overcome the security risks and asset management challenges associated with their computers--remote, mobile and local. Over 2,000 customers rely on Absolute every day to secure, track and manage their computer population. Absolute was named to the Deloitte Technology Fast 500 in 2003, as one of the fastest growing technology companies in North America. For more information about Absolute please visit http://www.absolute.com.
Phoenix and Phoenix Technologies are registered trademarks of Phoenix Technologies.
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