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Absolute Software Announces Term License Deal with the State of Queensland Department of Education & Training

December 20, 2011

Sale of Computrace validates the need for persistent endpoint security and
extends growth in the Asia-Pacific region

VANCOUVER, Dec. 20, 2011 /PRNewswire/ – Absolute(®) Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the
leading provider of firmware-embedded endpoint security and management
solutions, today announced it has completed a Computrace® software
license sale covering more than 60,000 student laptops with the
Queensland Government’s Department of Education and Training (DET) in
Australia.

This transaction expands Absolute’s existing relationship with
Queensland DET and will be completed in calendar Q4. Under terms of the
agreement, Absolute will sell its Computrace Data Protection product,
with the sale amortized to revenue over a period of three to four
years.  Armed with Computrace, the Queensland DET has embraced best
practices for data and device protection, and has taken steps to
respond to and remediate loss and theft of their valuable student
computing assets.

“By having access to laptops, our students are better equipped to access
important online resources, resulting in improved collaboration and
greater opportunity for personalised learning,” stated DET’s
Information and Technologies Assistant Director-General David O’Hagan.
“Absolute’s Computrace technology provides schools and students with
the security of knowing their machine can be tracked and traced should
it ever be lost or stolen.”

“We are pleased to strengthen our existing relationship with the
Queensland DET by providing them with solutions to securely manage
their laptops,” said John Livingston, CEO of Absolute Software. “We
believe our products are a must-have for any organization to maximize
the value from their computing assets and to effectively and
efficiently embrace mobility. Our expanded partnership with the
Queensland DET validates our investment in the Asia-Pacific region and
is a good indicator of the international market opportunity for
Absolute Software.”

How Computrace Technology Works

Computrace is powered by Absolute Software patented Computrace
persistent 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 IT
asset management 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 delete data to help keep it out of
the hands of unauthorized users – a reliable contingency in case data
protection solutions fail. Computrace can be easily activated by
customers when they install a license ranging from 1-4 years.

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

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the world leader in
firmware-embedded endpoint security and management for computers and
ultra-portable devices. The Company’s Computrace, Absolute Manage,
Absolute Secure Drive, and LoJack for Laptops solutions provide
organizations with actionable intelligence to prove compliance,
generate fast ROI, reduce overhead, and deliver comprehensive
visibility and control over all of their endpoints, anywhere, anytime.
The Company’s software agent is embedded in the firmware of computers,
netbooks, and tablets by global leaders, including Acer, ASUS, Dell,
Fujitsu, HP, Lenovo, Motion, Panasonic, Samsung, and Toshiba, and the
Company has reselling partnerships with these OEMs and others,
including Apple. For more information about Absolute Software, visit www.absolute.com and http://blog.absolute.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve
risks and uncertainties. These forward-looking statements relate to,
among other things, the expected performance, functionality and
availability of our services and products, and other expectations,
intentions and plans contained in this press release that are not
historical fact. When used in this press release, the words “plan,”
“expect,” “believe,” and similar expressions generally identify
forward-looking statements. These statements reflect our 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 you should
understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.

©2011 Absolute Software Corporation. All rights reserved. Computrace and
Absolute are registered trademarks of Absolute Software Corporation.
LoJack is a registered trademark of LoJack Corporation, used under
license by Absolute Software Corporation. LoJack Corporation is not
responsible for any content herein. U.S. patents # 5,715,174, #
5,764,892, # 5,802,280, # 5,896,497, # 6,087,937, # 6,244,758,
# 6,269,392, # 6,300,863, # 6,507,914, # 7,818,557, #
7,818,803, # 7,945,709, and # 8,062,380. Canadian patents #
2,211,735, # 2,284,806, and # 2,205,370. U.K. patents #
EP0793823, # GB2298302, and # GB2338101. German patent #
69512534. Australian patent # 699045. Japanese patent # JP4067035.
The Toronto Stock Exchange has neither approved nor disapproved of the
information contained in this news release.

SOURCE Absolute Software Corporation


Source: PR Newswire