Absolute Software Announces New Nominees to Board of Directors

November 15, 2012

VANCOUVER, Nov. 15, 2012 – Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-embedded, persistent endpoint security and management solutions, announced today the addition of Eric Rosenfeld and Gregory Monahan to the management proposed slate of nominee directors for the Company's forthcoming annual general meeting of shareholders to be held on December 13, 2012.

"I am pleased to welcome both Eric and Gregory to the proposed slate of nominee directors," said John Livingston, Chairman and Chief Executive Officer. "They both bring proven financial expertise and business acumen, which will help enhance shareholder value."

"We are enthusiastic about the opportunity with Absolute and the potential to work with both the Board and the management team," stated Eric Rosenfeld, President and CEO of Crescendo Partners. "We believe there is a strong market opportunity for the Company and we look forward to working with the team to develop and execute business strategies to capitalize on that opportunity to increase shareholder value."

Mr. Rosenfeld has been the President and Chief Executive Officer of Crescendo Partners, a New York based investment firm, since its formation in November 1998. Following discussions with Crescendo Partners, the Company reached an agreement whereby, among other things, the proposed slate of nominee directors for election at the upcoming annual meeting of shareholders will consist of John Livingston, J. Ian Giffen, Terry Libin, Ian Reid, Daniel P. Ryan, Eric Rosenfeld and Gregory Monahan. In addition, the newly constituted board and Crescendo will work together to identify an additional person with appropriate industry experience to join the Board of Directors as soon as practicable.

Full information on the proposed nominees will be contained in the Company's management information circular that will be mailed to shareholders and available on www.sedar.com shortly.

Share this article

About Absolute Software

Absolute Software makes security work. We empower mission-critical performance with advanced cyber resilience. Embedded in more than 600 million devices, our cyber resilience platform delivers endpoint-to-network access security coverage, ensures automated security compliance, and enables operational continuity. Nearly 21,000 global customers trust Absolute to protect enterprise assets, fortify security and business applications, and provide a frictionless, always-on user experience. To learn more, visit www.absolute.com and follow us on LinkedIn.

©2024 Absolute Software Corporation. All rights reserved. ABSOLUTE, the ABSOLUTE logo, and NETMOTION are registered trademarks of Absolute Software Corporation or its subsidiaries. Other names or logos mentioned herein may be the trademarks of Absolute or their respective owners. The absence of the symbols ™ and ® in proximity to each trademark, or at all, herein is not a disclaimer of ownership of the related trademark.

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.

For more information, please contact:

Media Relations
Joe Franscella
[email protected]

Financial Services