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1 Canadian Tech Stock to Buy in 2021
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Absolute Software (TSX:ABST)(NASDAQ:ABST) has come a long way from its beginnings in the early 1990s.
Originally called the “LoJack for Laptops,” the company was founded to provide a solution for a growing problem of that time the theft and loss of laptop computers.
Fast forward 30 years, and Absolute Software is now the only endpoint security solution factory-installed by every major PC manufacturer. This equates to the company’s security software being embedded in over half-a-billion devices worldwide.
The move to partner with device manufacturers started in the early 2000s. The software is factory-embedded into the computer’s Basic Input/Output System, used to perform start-up procedures when the computer is turned on. This makes the software nearly impossible to remove from the device. Whenever someone attempts to remove or reconfigure Absolute, it reasserts itself on the