Absolute Software Wins Million Dollar Deal for Computrace and Absolute Manage

May 24, 2011

Company Delivers on Synergies of Endpoint Security and Management

Vancouver, Canada: May 24, 2011 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-embedded endpoint security and management solutions that reduce IT costs, prove regulatory compliance, respond to computer theft, and optimize productivity, today announced it has signed a million dollar deal to provide a leading K-12 school district with the Company’s Computrace® and Absolute Manage offerings, validating the requirement for organizations to apply both security and management best practices to all of their endpoints.

The endpoint security and management markets are converging,” said John Livingston, Chairman and CEO of Absolute. “Customers have long told us they need to be able to securely manage their PCs, laptops and now tablets and smartphones in a more simplified, reliable and cost effective manner. With the addition of Absolute Manage to complement Computrace’s leading device tracking and data protection capabilities, we are evolving our offerings to meet this need. This contract win demonstrates that the expansion of our product base is delivering results.”

The customer had identified a need for lifecycle management for their entire estate of PC notebooks. In a competitive marketplace, the customer selected Absolute Manage due to its unique persistent PC capability, and its ability to securely manage their PC population with the addition of Computrace. By combining Absolute Manage with Computrace, the customer is able to rely on valuable cloud-persistent tracking and emergency response services to ensure their PCs can be reliably and securely tracked, managed, and protected.

Mr. Livingston continued: “It was the synergies the customer could realize by combining our security and lifecycle management solutions that tipped the scales in our favor. This illustrates how Absolute Manage is creating new customer acquisition opportunities for Computrace. We believe our unique ability to provide organizations with both endpoint security and management tools for their computing assets and other mobile devices has us well positioned to emerge as a leader in the broad endpoint security and management market.”

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About Absolute Software

Absolute Software (NASDAQ: ABST) (TSX: ABST) is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by more than 18,000 customers, G2 recognized Absolute as a leader for the tenth consecutive quarter in the Summer 2022 Grid® Report for Endpoint Management and as a high performer in the G2 Grid Report for Zero Trust Networking.

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Forward-Looking Statements

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.

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