Absolute Launches the World’s First Document Control App for iOS to Allow Organizations to Manage the Security Risks of the Consumerization of IT

Vancouver, Canada: November 1, 2011 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-embedded endpoint security and management solutions, today announced the general availability of Absolute Manage 6.0.

Absolute Manage offers the only single, unified console that natively enables IT administrators to efficiently manage all of their Mac, PC, Android and iOS devices by automating time-consuming IT processes such as software distribution, patch management, and asset inventory.  Additionally, Absolute Manage helps organizations save money by allowing them to track installed applications and licenses, redeploy under-used licenses and hardware to maximize inventory utilization and avoid non-compliance fines, and implement power management policies to reduce energy consumption.  For Android and iOS devices, customers can manage apps, collect asset inventory and security data, perform configuration management tasks, and rapidly respond to security incidents.
 
“Our customers are facing increasing challenges in managing and securing the growing number of employee-owned devices making their way onto corporate networks. With the release of Absolute Manage 6.0, our customers can apply the highest standard of endpoint management and security across a variety of form factors and operating systems,” said Peter Frankl, Vice President, Lifecycle Management at Absolute. “In addition, our customers are excited about AbsoluteSafe as it is an industry breakthrough technology delivering unparalleled control to securely manage company data residing on iOS devices within their deployment.”

“We have already begun to see a rapid increase in mobile device management activity in our business, which we believe provides an excellent opportunity to accelerate our business growth supporting PC’s and Mac’s too,” stated John Livingston, Chief Executive Officer at Absolute. “Last fiscal year, sales of our mobile solutions nearly doubled primarily due to this increased activity. We believe the launching of industry first features, such as AbsoluteSafe, and offering our customers a unified, cross-platform console will help further accelerate our expansion into the systems lifecycle and mobile device management markets.”

The release of Absolute Manage 6.0, which uniquely embeds mobile device management capabilities into the robustness of a systems lifecycle management solution, includes:

• AbsoluteSafe:  IT administrators can securely distribute sensitive or confidential files to iOS devices including security options to block the file from being copied or emailed, as well as password protect files. Even the screen capture functionality can be turned off for the tightest document/media security available on the market today. AbsoluteSafe provides a solution for IT that removes the need for end users to use tools like DropBox and email to access company liable information on their iOS tablets and smartphones, and returns control of that data to the company – a must-have to enable organizations to embrace and fully leverage the consumerization and BYOD movement.
• Scheduled Policies:  Configuration profiles and media files can be assigned time-limited access.  Now IT administrators can shut down access to corporate networks at a pre-defined time, or limit the availability of a document on a device for the duration of a meeting.  Once the meeting time ends, the document is automatically removed from the device.
• Policy-Locked Configuration Profiles:  IT administrators can create corporate smart policies to provide devices with access to company email and networks.  Absolute Manage 6.0 provides them with the capability to attach conditions to these policies so that non-compliant devices (jailbroken, containing blacklisted apps, etc.) will immediately lose access to company resources.
• Management for Android Devices: Along with PCs, Macs, and iOS devices, IT administrators can now manage Android devices within their deployment, all from the same console.

Absolute Manage 6.0 is generally available as of today.  More information can be obtained by visiting www.absolute.com/absolutemanage.

This press release contains forward-looking statements and financial outlook that involve risks and uncertainties. These forward-looking statements and financial outlook relate to, among other things, the expected performance, functionality and availability of the Company’s services and products, and other expectations, intentions and plans contained in this press release that are not historical facts. When used in this press release, the words “plan,” “expect,” “believe” and similar expressions generally identify forward-looking statements. These statements reflect the Company’s 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, readers of the press release should understand that Absolute cannot assure them that the forward-looking statements and financial outlook contained in this press release will be realized. Furthermore, the forward-looking statements and financial outlook contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements and financial outlook, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

©2019 Absolute Software Corporation. All rights reserved. ABSOLUTE and PERSISTENCE are registered trademarks of Absolute Software Corporation. Other names or logos mentioned herein may be the trademarks of their respective owners. For patent information, visit www.absolute.com/patents. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this press release.

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Jill Rosenthal, InkHouse
absolute@inkhouse.com or 781-966-4167

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Joo-Hun Kim, MKR Group
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