Absolute Software Names Thomas Kenny Executive Vice President and General Manager of Global Sales and Marketing

January 08, 2013

Absolute Enhances Sales and Marketing Team, Positioning Company to Deliver

Vancouver, Canada: January 8, 2013  Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops and ultra-portable devices – and the data they contain, announced today that Mr. Thomas Kenny has joined Absolute Software as Executive Vice President and General Manager of Global Sales and Marketing. Mr. Kenny will also become a member of Absolute’s executive committee, reporting to John Livingston, Chief Executive Officer.

In this newly expanded role, Mr. Kenny will be responsible for Absolute’s go-to-market strategy and execution. The Company’s direct sales, channel and marketing teams will report to him.

“We are very excited to be strengthening our senior management team with the addition of Thomas Kenny,” said John Livingston, Chairman and Chief Executive Officer, Absolute Software. “With the recent launch of Absolute Service through our acquisition of LiveTime Software, our rapidly expanding Mobile Device Management business, our increased success in the Corporate and Healthcare verticals and our multi-platform vision, we are now able to attract top talent like Thomas. He is an excellent leader and has a proven ability to build a high growth and profitable sales organization. We are honored to have him, and are confident we will better capitalize on our potential under his sales leadership.”

Mr. Kenny comes to Absolute Software from a world leading PC OEM, where he spent the last 17 years as a sales leader. He played a crucial role over the last eight years in expanding the company’s public sector personal computing group from a small 35 person team to more than 350 people with the highest growth and profitability ratings of any other division. Mr. Kenny excelled at delivering increasing profitability and consistent growth by following a solution selling approach – part of which included the introduction of Absolute Computrace® at numerous key accounts.

Today, Absolute also announces that Mr. John Sarantakes has been named Senior Vice President and General Manager of Europe, Middle East and Africa (EMEA) Sales, reporting to Mr. Kenny.

“John is a long-time valued member of the Absolute team and has done a fantastic job of growing the North American and EMEA sales teams,” stated Mr. Livingston. “He has been so successful in EMEA that the market opportunity has reached a stage where it requires his sole focus. We are excited about our increasing growth potential and John’s leadership in the region.”

“These appointments are designed to drive profitable growth and to strengthen Absolute’s sales and marketing leadership as we continue to execute on our vision to become a global leader for endpoint security, management and service,” added Mr. Livingston.

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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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