Absolute Software™ (NASDAQ: ABST) (TSX: ABST), the only provider
of self-healing, intelligent security solutions, announced today
that Matthew Schoenfeld has accepted the position of President at a
privately-held company and will resign from Absolute effective
November 4, 2022. The company also announced Mark Grace has been
promoted from EVP, Channel and Business Development to Chief
Revenue Officer (CRO) to help drive the company’s next phase of
growth and oversee all sales, Channel and customer experience.
“I’d like to thank Matthew for his contributions to Absolute.
Over the past five quarters, Matthew has had a significant impact
our on our go-to-market team. I have appreciated his leadership,
and we wish him well in his new endeavor,” said Christy Wyatt,
President and CEO of Absolute. “As a long-standing leader at
Absolute, I am thrilled to announce Mark is stepping into the CRO
role. Because of his current position overseeing our PC OEMs,
Channel and Distribution, Mark has unparalleled knowledge and roots
in the Absolute business. Known for his outstanding leadership, he
has a proven track record for not only understanding the resilient
security solutions that our customers need, but also for building
high performance go-to-market teams that deliver customer value and
revenue that continues to drive our growth.”
Mark will oversee all revenue-generating activities at Absolute,
including global sales, revenue operations, customer experience and
Channel. He has been with Absolute since 2008 and has held numerous
leadership responsibilities, including Vice President of
go-to-market in Asia Pacific and Latin America, revenue operations,
OEM products and most recently, held the position of EVP of Channel
and Business Development.
Under Mark’s Channel leadership, Absolute grew its OEM business
to include 28 PC manufacturers and he has been instrumental in
bringing to market numerous specialized offerings with some of the
world’s leading PC manufacturers, including Dell, Lenovo and HP. He
also introduced and scaled the company’s reseller and distribution
partner program to more than 1100 today, which was recognized by
CRN with a 5-star rating earlier this year for the second year in a
row. Mark is an industry veteran with more than two decades of
experience leading go-to-market sales, marketing and channel
functions and has worked for both Fortune 50 companies as well as
high-growth mid-size service and software organizations.
Matthew Schoenfeld added, “I want to thank Christy for her
leadership and trust in me of the company’s go-to-market function.
My decision to leave Absolute was difficult, especially because of
the massive opportunity and momentum the company is experiencing as
the only provider of self-healing, intelligent security solutions.
I am honored to have had this opportunity at Absolute, and I am
confident in Absolute’s continued success.”
About Absolute Software
Absolute Software (NASDAQ: ABST) (TSX: ABST) is the only
provider of self-healing, intelligent security solutions. Embedded
in more than 600 million devices, Absolute is the only platform
offering a permanent digital connection that intelligently and
dynamically applies visibility, control and self-healing
capabilities to endpoints, applications, and network connections -
helping customers to strengthen cyber resilience against the
escalating threat of ransomware and malicious attacks. Trusted by
nearly 18,000 customers, G2 recognized Absolute as a leader for the
eleventh consecutive quarter in the Fall 2022 Grid® Report for
Endpoint Management and as a leader in the Grid Report for Zero
Trust Networking.
©2022 Absolute Software Corporation. All rights reserved.
ABSOLUTE, the ABSOLUTE logo, and NETMOTION are registered
trademarks of Absolute Software Corporation or its subsidiaries.
Other names or logos mentioned herein may be the trademarks of
Absolute or their respective owners. The absence of the symbols ™
and ® in proximity to each trademark, or at all, herein is not a
disclaimer of ownership of the related trademark.
Forward-Looking Statements
This press release contains certain forward-looking statements
and forward-looking information (collectively, “forward-looking
statements”) which relate to future events or Absolute’s future
business, operations, and financial performance and condition.
Forward-looking statements normally contain words like “will”,
“intend”, “anticipate”, “could”, “should”, “may”, “might”,
“expect”, “estimate”, “forecast”, “plan”, “potential”, “project”,
“assume”, “contemplate”, “believe”, “shall”, “scheduled”, and
similar references and, within this press release, include, but is
not limited to, statements with respect to the next phase of
growth, revenue, sales or developments as well as Absolute’s
objectives, strategies, actions, targets, expectations and outlook
following the promotion of Mr. Grace and the departure of Mr.
Schoenfeld. Readers are cautioned that such information may not be
appropriate for other purposes.
Forward-looking statements are not guarantees of future
performance, actions, or developments and are based on
expectations, assumptions and other factors that management
currently believes are relevant, reasonable, and appropriate in the
circumstances. The material expectations, assumptions, and other
factors used in developing the forward-looking statements set out
herein include: the leadership transition and the effectiveness
related thereto.
Although management believes that the forward-looking statements
herein are reasonable, actual results could be substantially
different due to the risks and uncertainties associated with and
inherent to Absolute’s business, as more particularly described in
the “Risk and Uncertainties” section of Absolute’s most recently
filed Management’s Discussion and Analysis, which is available
under Absolute’s SEDAR profile at www.sedar.com and on EDGAR at
www.sec.gov. Additional material risks and uncertainties applicable
to the forward-looking statements herein include, without
limitation, the transition of management; and other unforeseen
events, developments, or factors causing any of the aforesaid
expectations, assumptions, and other factors ultimately being
inaccurate or irrelevant.
Many of these factors are beyond the control of Absolute. All
forward-looking statements included in this press release are
expressly qualified in their entirety by these cautionary
statements. The forward-looking statements contained in this press
release are made as at the date hereof and Absolute undertakes no
obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as may be required by
applicable securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221011006188/en/
Media Relations Becki Levine press@absolute.com
858-524-9443
Investor Relations Joo-Hun Kim IR@absolute.com
212-868-6760
Absolute Software (NASDAQ:ABST)
Historical Stock Chart
From Jun 2024 to Jul 2024
Absolute Software (NASDAQ:ABST)
Historical Stock Chart
From Jul 2023 to Jul 2024