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Press Release

Absolute Software Expands Data Protection Capabilities With New Absolute Secure Drive Features

Absolute Secure Drive 7.8 Integrates with BitLocker to Provide Encryption Management to Non-OPAL Devices and Removable Media

Vancouver, Canada: October 2, 2012 – Absolute® Software Corporation (TSX: ABT), the leading provider of firmware-embedded, persistent endpoint security and management solutions, announced today the release of Absolute Secure Drive 7.8.  With this release, data protection capabilities expand beyond self-encrypting drives (SEDs) to non-OPAL drives and external plug-in devices.

Absolute Secure Drive 7.8 provides organizations with the ability to manage BitLocker enabled built-in drives and removable media within the Absolute Secure Drive console. This means administrators can manage a variety of encryption methods through a single console, keeping data secure regardless of how it is stored.

“Few organizations today can standardize on a single encryption methodology because the hardware and technology are constantly evolving,” states John Livingston, Chairman and CEO at Absolute Software. “Many of our customers must support mixed deployments that include traditional encryption solutions as well as devices with self-encrypting drives.  Now they can remotely manage their mixed encryption environment with Absolute Secure Drive 7.8.”

According to research conducted by the Coughlin Associates, by 2014 nearly 100% of solid state drives will have SED capabilities and by 2017 all hard disk drives will be SED capable.  These statistics speak to the future when SEDs will be the de facto standard for encryption.  The current reality is one of transition where organizations must manage a mixed deployment.

Absolute Secure Drive 7.8 also allows IT administrators to control access to devices such as DVD/CD-ROMs, removable media, Bluetooth, Serial, Modems, 1394 and PCMCIA devices.

Availability

Absolute Secure Drive 7.8 is available today.

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint security and management for computers, laptops, tablets and smartphones. The Company, a leader in device security and management tracking for 20 years, has over 30,000 commercial customers worldwide. Absolute’s solutions – Computrace®, Absolute Manage®, Absolute Service, and Absolute LoJack® – provide organizations with actionable intelligence to prove compliance, securely manage BYOD, and deliver comprehensive visibility and control over all of their devices and data. Absolute is positioned on three Gartner, Inc. Magic Quadrants - the Magic Quadrant for Client Management Tools (CMT), the Magic Quadrant for Enterprise Mobility Management (EMM) and the Magic Quadrant for Content-Aware Data Loss Prevention. Absolute is one of only four vendors to be recognized on both the CMT and EMM Magic Quadrants. Absolute persistence technology is embedded in the firmware of computers, netbooks, tablets and smartphones by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Microsoft, Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software, visit www.absolute.com.

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance, functionality and availability of our services and products, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized. Furthermore, the forward-looking statements contained in this press release are made as at the date hereof and the Company does not undertake any 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.

©2014 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. LoJack is a registered trademark of LoJack Corporation, used under license by Absolute Software Corporation. LoJack Corporation is not responsible for any content herein. U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 5,896,497, No. 6,087,937, No. 6,244,758, No. 6,269,392, No. 6,300,863, No. 6,507,914, No. 7,818,557, No. 7,818,803, No. 7,945,709, No. 8,062,380, No. 8,234,359, No. 8,241,369, No. 8,307,055, No. 8,332,953, No. 8,346,234, No. 8,362,901, No. 8,418,226, No. 8,419,806, No. 8,441,348, No. 8,510,825, No. 8,556,991, No. 8,566,961, No. 8,606,971, No. 8,625,799, No. 8,669,870, No. 8,701,013, No. 8,712,432, No. 8,717,172, No. 8,734,529, No. 8,745,383, and No. 8,800,061. Canadian patents No. 2,211,735, No. 2,284,806, No. 2,205,370, No. 2,771,208 and No. 2,733,222. U.K. patents No. EP0793823, No. GB2298302, and No. GB2338101. German patent No. 69512534. Australian patent No. 699045, No. 2009279430, No. 2009279431, No. 2010315412, No. 2010324789, and No. 2010321633. Japanese patents No. 4067035, No. 5220924 and No. 5363305. Korean patents No. 10-1372986 and No. 10-1408746. Mexican patents No. 297,406 and No. 306,287. Russian patent No. 2,460,220 and 2,506,704. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

For more information, please contact:

Public Relations:

Becky Obbema, Interprose PR
becky.obbema@interprosepr.com or 1 408 778 2024

or

Toru Levinson, Absolute Software
tlevinson@absolute.com or 1 604 730 9851 x208

Investor Relations:

Dave Mason, CFA, TMX|Equicom
dmason@equicomgroup.com or 1 416 815 0700 x237