Last updated on April 17, 2014 at 1:21 EDT

Absolute Software Wins Multi Million Dollar Deal in the Healthcare Industry

January 10, 2013

Computrace Persistence Technology Selected as an Essential Compliance

VANCOUVER, Jan. 10, 2013 /PRNewswire/ – 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 a Fortune 100 enterprise customer
selected Absolute Computrace(®) as an essential component of its governance, risk management, and
compliance (GRC) infrastructure for its entire population of desktops
and laptops.

Computrace persistence technology is one of the key reasons the Fortune
100 customer selected Absolute as it will provide the customer with
comprehensive control and visibility over all of its devices and the
data they contain. The capacity for the customer to maintain a
persistent ability to connect with each device in its population,
regardless of user or location and even in circumstances where the
drive has been reformatted or has been replaced, is a unique capability
that no other vendor could provide. Without this persistence, it is
impossible to properly secure a device – even when encryption is
deployed – and be able to take action, either proactive or reactive,
with any device deemed to be at risk.

“Corporations are realizing that encryption alone, while a good first
step, is simply not enough to ensure the compliance and protection of
the many vulnerable mobile devices and associated data that operate
outside of their network,” said John Livingston, Chairman and Chief
Executive Officer, Absolute Software. “Computrace gives organizations
the best visibility and control over their devices and data available
in the market today. We are encouraged by the success we’re achieving
in the corporate and healthcare verticals and attribute it to the
strong industry requirement to properly satisfy regulatory and
compliance requirements.”

The customer will use Computrace to provide remote security capabilities
that will cover the GRC spectrum, including security monitoring and
first line emergency response to security incidents involving any
device, regardless of the user or locale, deemed to be a risk to the
organization. In these instances, Computrace can provide the customer
with confirmation that data was deleted before it was compromised. In
addition, the customer will be able to prove compliance with regulatory
requirements, including the ability to ensure each device is clean of
personal health information prior to decommissioning.

Computrace provides additional GRC capabilities beyond data governance,
including geolocation technology, device administration, stolen device
recovery, remote forensics and investigations and the ability for
customers to receive alerts when specific conditions occur. Such
conditions can include software license non-compliance, blacklisted
software installation, and other conditions relative to GRC

The overall sales contract, which was valued at approximately US$3.5
million, was booked in the December quarter with standard payment
terms. Revenue from the contract components is expected to be
recognized over varying terms up to three years.

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the industry standard in
persistent endpoint security and management for computers, laptops and
ultra-portable devices. The Company, a leader in device security and
management tracking for more than 18 years, has over 30,000 customers
worldwide. Positioned as a Visionary vendor in Gartner, Inc.’s Magic
Quadrant for Client Management Tools, Absolute’s solutions -
Computrace, Absolute Manage, Absolute Secure Drive, and Computrace
LoJack for Laptops – provide organizations with actionable intelligence
to prove compliance, securely manage BYOD, and deliver comprehensive
visibility and control over all of their devices and data. The
Company’s Computrace persistence technology 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.

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.

©2013 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, # 8,062,380, # 8,234,359, # 8,241,369,
# 8,307,055 and # 8,332,953. 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