Absolute Software Launches Next-Generation of Encryption with Absolute Secure Drive

Absolute Extends Sata and Device Protection Capabilities with Launch of Firmware-based Self-encrypted Drive Solution

Vancouver, Canada: February 10, 2011 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), specializes in software and services for the security and management of computers and mobile devices.  Absolute Software is the leading provider of endpoint security and management solutions that reduce IT costs, prove regulatory compliance, respond to computer theft, and optimize productivity.  Today Absolute Software announced the general availability of Absolute Secure Drive to manage self-encrypted drives.

Absolute Secure Drive manages self-encrypted drives (SEDs) that meet OPAL specifications, an industry standard released in early 2009 by the Trusted Computing Group (TCG). With Absolute Secure Drive, IT administrators can easily configure and set up OPAL SEDs on each computer in their deployment. Then they can administer users, authentication methods, policies, and system maintenance through to end-of-life, all from a single unified console.

“Traditional encryption solutions provide inconsistent results, can consume significant IT resources, and negatively impact computer performance. Often the end user represents a point of failure as documents are stored improperly or passwords are not safeguarded,” states John Livingston, chairman and chief executive officer at Absolute Software. ““Absolute Secure Drive provides organizations with an entirely new level of data and device security. It is another example of how we will continue to increase our lead at the forefront of endpoint security and management.”

According to research conducted by the Ponemon Institute, 56% of IT organizations surveyed were unable to prove a laptop was properly encrypted at the time of theft. In addition, 60% of business managers stated they have disengaged their company-provided encryption solution.1 These powerful statistics reinforce the need for a firmware-based method of encryption, one that removes the end user as a potential point of failure.

1 2010 Human Factor in Laptop Encryption: US Study

Live Demo of Absolute Secure Drive at RSA, February 14

Absolute Software will be conducting live demonstrations of Absolute Secure Drive at RSA at Moscone Center South in San Francisco on Monday, Feb 14 at the TCG Seminar Room – Esplanade Ballroom, Room 301/303.

How Computrace Technology Works

Computrace is powered by Absolute Software patented Computrace persistence technology. When embedded in the firmware of computers from leading computer manufacturers, Computrace can survive operating system re-installations, as well as hard-drive reformats, replacements and re-imaging, helping to ensure that the service is there when you need it most.* Whether in a PC or Mac, the software is virtually undetectable and calls home to the Absolute Monitoring Center with asset information including location. If a computer is reported stolen, the Absolute Theft Recovery Team works on behalf of the customer to gather evidence from the computer to identify the thief’s location, and then works with local police to get the computer back.  Customers can also remotely retrieve files and delete data from devices to help keep it out of the hands of unauthorized users. Computrace can be easily activated by customers when they install a license ranging from 1-3 years.

*For a list of computers with firmware-embedded support, visit www.absolute.com/firmware.

Availability

Absolute Secure Drive is generally available now.

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