| Absolute Software Announces State-Wide Purchasing Contract with State of Georgia
VANCOUVER, Aug. 1 - Absolute Software Corporation ("Absolute"), the leading provider of firmware-based, patented Computer Theft Recovery, Data Protection and Secure Asset Tracking solutions announced that the State of Georgia has signed a state-wide purchase contract with Absolute to encourage and enable state agencies and universities to acquire Absolute's Computrace solutions at a volume discount as part of their "Securing Sensitive Data" initiative. The purchasing contract was negotiated with the Information Technology Contracts and Licensing Administration, a unit within the Office of the Chief Information Officer, in cooperation with the Chief Information Security Officer at the University of Georgia at Athens (UGA) and the UGA Procurement Office.
"We consider this agreement to be a testament to the leadership and commitment of the State of Georgia and its agencies to help protect its employees and residents from mounting computer and data security threats," said John Livingston, Chairman and CEO of Absolute Software.
Absolute Software Reports Year End Fiscal 2007 Results
Vancouver, BC, August 14, 2007--(T-Net)--Absolute Software (TSX: ABT), a leading provider of firmware-based, patented Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions, announced its financial results for the quarter and year ended June 30, 2007. All dollar amounts are in Canadian dollars unless otherwise stated.
Operational highlights:
- Increased sales contracts by 94% to $16.2 million for Q4-F2007 and by 110% to $47.3 million for the fiscal year
- Increased cash from operations by 254% to $4.5 million for Q4-F2007 and by 302% to $16.9 million for the fiscal year
- Grew subscriptions under contract at June 30, 2007, to approximately 1.6 million, up from 1.2 million at March 31, 2007, and 700,000 at June 30, 2006
- Launched consumer bundle programs with Dell and Gateway
- Increased embedded BIOS partnerships to eight PC OEMs with addition of Panasonic, Motion Computing and Toshiba, and expanded BIOS embedded support with HP and Lenovo to consumer laptops
- Obtained BIOS support in certain Gateway and Dell desktop computers - the first PC OEMs to begin providing desktop BIOS support
- Established an alliance with American Megatrends Inc.
Airtel inks deal with Elbee Express
NEW DELHI: Airtel Enterprise Services, a business unit of Bharti Airtel Ltd, today announced that it has bagged a sales force automation contract from Elbee Express. According to the contract, Airtel would set-up a customized end-to-end sales force automation solution for the pick-up and delivery process of Elbee Express. This win makes Bharti Airtel the first service provider in India to offer a customized solution on an end-to-end basis by providing all components of the service including hardware, software, connectivity, hosting and support for a mobile enabled field force automation solution, Airtel said in a statement. Shirish Gariba, chief information officer, Elbee Express, said, "It not only enhances the productivity of our executives, it will also enhance customer satisfaction and improve our profitability.
Open Text a Contract Killer
Open Text is getting defensive about its enterprise content management system. The company has descended on this week's 45th annual Aerospace and Defense Contract Management Conference in Garden Grove, Calif., and is using the show to announce the latest version of Livelink ECM - Contract Lifecycle Management. The solution focuses on tools for contract creation, negotiation, contract fulfillment, and renewals. It's designed to help businesses reduce operating costs and enable compliance with internal and external policies and regulations. Open Text calls itself the largest independent provider of enterprise content management software and solutions. Lately it's been focusing more on compliance, eDiscovery, and archiving matters. With ongoing legal and regulatory concerns, and new internal governance rules, companies now place a greater focus on the management of contracts.
Software firm sues education department
An education software firm has alleged that the Kentucky Department of Education improperly blocked it from having its contract renewed and enlisted the Finance and Administration Cabinet to cover it up. Software Technology Inc.'s allegations, which are detailed in court documents filed late Wednesday in Franklin Circuit Court, read like a conspiracy novel and include claims of a "secret unlawful deal" between the highest levels of the education department and Jefferson County Public Schools. The lawsuit's documents quote depositions of witnesses recounting a "stomach-wrenching, bid-rigging directive," meetings in parking lots and the destruction of key documents that led to another company's landing the contract. Laurence Zielke, the Louisville attorney representing Alabama-based Software Technology, filed the motion Wednesday asking the judge to issue a judgment without a trial.
Software company claims contract shenanigans
An education software firm claimed in a lawsuit that "a secret unlawful deal" involving the Kentucky Department of Education and Jefferson County schools improperly blocked the company from having its contract renewed. Alabama-based Software Technology Inc., also called STI, filed court documents in Franklin County Circuit Court this week claiming the education department got help from the Finance and Administration Cabinet to hide an alleged improper deal. The state's education department, finance cabinet, the winning company and an education department employee are listed as defendants in the suit. They deny any wrongdoing and have asked for a dismissal. Lawyers representing the finance cabinet dismissed the allegations as the result of a "disappointed bidder." A hearing is scheduled for Aug.
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