Absolute Software Wins International Stevie Award

Absolute Manage Selected as Best New Product or Service of the Year - Computer Software

Vancouver, Canada: July 13, 2010 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure computer lifecycle management solutions announced today that they have won an International Stevie Award for Best New Product or Service of the Year - Computer Software - New Version for Absolute Manage in The 2010 International Business Awards. The International Business Awards are the only global, all-encompassing business awards program honoring great performances in business.

Nicknamed the Stevie® for the Greek word “crowned,” the awards will be presented to winners at a gala dinner on Monday, 27 September in the Ritz-Carlton Hotel in Istanbul, Turkey.

"Winning this award demonstrates that with the new features and functionality launched this year and those we continue to develop, including support for iOS 4, Absolute Manage is a world-class computer lifecycle management solution," said Peter Frankl, Vice President of Lifecycle Management at Absolute Software. "Absolute Manage is one of the only computer lifecycle management solutions that can truly support a PC and Mac mixed environment while helping IT reduce costs and increase efficiencies."

Recipients of International Stevie Award trophies were selected from more than 1,700 entries received from organizations and individuals in more than 40 countries.

“Despite the harsh economic climate, entries to the IBAs actually grew a bit this year, and that illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs. “We congratulate all of the Finalists and International Stevie Awards winners, and we look forward to honoring them for their achievements at our gala awards dinner in Istanbul on 27 September.”

About Absolute Manage

Absolute Manage provides organizations with an easy and automated way to manage PC and Mac® computers, as well as iPhone® devices, from a single interface. IT administrators using Absolute Manage can efficiently manage all their assets by automating time-consuming IT processes such as software distribution, patch management, asset inventory and imaging. Additionally, it helps organizations save money by allowing them to track installed applications and licenses, redeploy under-used licenses and hardware to maximize inventory, and avoid non-compliance fines.

Some of the capabilities of Absolute Manage include the following:

  • Application & License Management – Deploy software and manage licenses across the network.
  • Security, Change & Configuration Management – Remotely monitor and adjust configurations, and execute files.
  • Automated Patch Management – Centrally manage and install patches, and report on patch status for all managed systems.
  • Computer Imaging - Install a complete OS plus all standard applications onto Mac computers while in use or just out of the box.
  • Power Management – Comply with green initiatives and lower total cost of ownership by remotely enforcing power saving policy profiles.
  • Asset Inventory – Collect hardware and software data points from devices over the network and analyze the information for timely and fact-based asset management decisions.

About The Stevie Awards

Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

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.

©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.

For more information, please contact:

Media and Analyst Relations
Jill Rosenthal, InkHouse
absolute@inkhouse.com or 781-966-4167

Investor Relations
Joo-Hun Kim, MKR Group
joohunkim@mkrir.com or 212-868-6760