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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 data risk management solutions for computers, laptops, tablets and smartphones. Persistence® technology from Absolute provides organizations with visibility and control over all of their devices, regardless of user or location. If an Absolute software client is removed from an endpoint, it will automatically reinstall so IT can secure each device and the sensitive data it contains. No other technology can do this. 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.  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.

©2015 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. For patent information, visit www.absolute.com/patents. 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
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:

Kristen Dickson, CFA, TMX|Equicom
kdickson@equicomgroup.com or 1 416 815 0700 x273