Hello,
But will this softwae continue to exist on my BB if I wipe clean the device by entering the wrong password 10 times or may be doing wipe clean from the options menu ?

I recently installed Mcafee free beta and the software does not exist on the BB after a wipe clean action.

If this is the same with Roblock too, then I don't see this any useful because the thief can easily wipe clean the device, infact for profiles with password, the thief will have to wipe clean the device to make any use of it.