Absolute Software's Computer Lifecycle Management Solution Selected by University of Texas

Texas' Largest University System Deploys Absolute Manage on All Their Mac Computers

Vancouver, Canada: February 3, 2010 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure IT asset management solutions announced today that the University of Texas has selected Absolute Manage for deployment on all their Mac® computers.

"As the number of Mac systems at the university grew, we found that our organization (the central IT department for the University of Texas at Austin) needed a more scalable and reliable systems management solution that could accurately inventory and manage our Mac systems," said Cam Beasley, Chief Information Security Officer for the University of Texas at Austin. "After evaluating several solutions, we were impressed with the asset inventory, software distribution, disk imaging, and scaling capabilities of Absolute Manage that are essential for better accountability and maintaining a healthy and secure computing environment in a federated environment like ours."

Absolute Manage is the computer lifecycle management solution from Absolute Software that gives organizations 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 disk 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.

"The University of Texas has always been a leader in technology and has set the standard in how best to take advantage of technology for their staff and students," said John Sarantakes, vice president of North American Sales at Absolute Software. "And now that they have chosen Absolute Manage, they can demonstrate better accountability for their resources, save time and money managing their computers and use those resources in other areas that improve learning outcomes across the university."

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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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