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Absolute Software Acquires Data Security and Data Loss Prevention Assets from Palisade Systems

June 25, 2013

Acquisition Enhances Absolute’s Governance, Risk Management and
Compliance (GRC) Offering

VANCOUVER, June 25, 2013 /PRNewswire/ – Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and
management solutions for computers, laptops, tablets and smartphones,
today announced it has acquired the assets of privately-held Palisade Systems, a data security and data loss prevention (DLP) provider.

The Palisade technology delivers enterprise data security solutions for
web monitoring and filtering, data monitoring and DLP, based on
Palisade’s patented PacketSure Data Security Platform. Palisade Systems
solutions enable healthcare, corporate, government and education
organizations to monitor and secure sensitive and proprietary
intellectual property, and to prevent it from leaving company networks
and endpoints; define and enforce access to external network resources;
and enforce compliance with federal privacy and industry security
regulations.

Palisade Systems products have several key competitive advantages
including easy deployment and operation, and comprehensive
multiple-purpose capabilities. Palisade Systems is positioned by
Gartner, Inc. in the Niche quadrant of the 2013 Magic Quadrant for Content-Aware Data Loss Prevention.

“Our customers have been requesting that we add this type of endpoint
DLP capability to Computrace, our endpoint GRC offering. The
technologies are complementary. We can now provide our customers with
an expanded GRC offering that allows them to not only remotely invoke
security commands to prevent and mitigate data breach scenarios,
including data delete, data retrieval and device freeze, but also to
now proactively monitor and manage data at risk on the endpoint,” said
John Livingston, CEO at Absolute Software. “We welcome the Palisade
Systems’ team to the Absolute family. Their expertise will add
significant value and allow us to continue our impressive growth within
the endpoint security space with an expanded GRC solution.”

“We believe that integrating the Palisade DLP solutions into a module of
Computrace will result in an unparalleled endpoint DLP offering that
complements Absolute’s endpoint data security and GRC expertise,” said
Guy Helmer, CTO at Palisade Systems. “Everyone at Palisade is excited
to join the Absolute team and accelerate the growth of the combined
business. As part of Absolute, while continuing to support our network
DLP customers and prospects, we will be focusing our efforts in our
first year on integration to enable Absolute customers to manage their
endpoint DLP over the cloud from the Computrace Customer Center, to
utilize persistence to ensure their endpoint policies stay in place,
and to provide a simple to use DLP solution for our customers.”

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the industry standard in
persistent endpoint security and management for computers, laptops,
tablets and smartphones. The Company, a leader in device security and
management tracking for more than 20 years, has over 30,000 commercial
customers worldwide. Absolute’s solutions – Computrace®, Absolute
Manage®, Absolute Service, 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. Absolute is
positioned on two Gartner, Inc. Magic Quadrants – the Magic Quadrant
for Client Management Tools and the Magic Quadrant for Mobile Device
Management Software. Absolute is one of only four vendors to be
recognized on both Magic Quadrants based on providing customers with
the ability to secure and manage many different types of devices using
a single solution. Absolute persistence technology is embedded in the
firmware of computers, netbooks, tablets and smartphones 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 No. 5,715,174, No.
5,764,892, No. 5,802,280, No. 5,896,497, No. 6,087,937, No. 6,244,758,
No. 6,269,392, No. 6,300,863, No. 6,507,914, No. 7,818,557, No.
7,818,803, No. 7,945,709, No. 8,062,380, No. 8,234,359, No. 8,241,369,
No. 8,307,055, No. 8,332,953 and No. 8,418,226. Canadian patents No.
2,211,735, No. 2,284,806, No. 2,205,370 and No. 2,771,208. U.K. patents
No. EP0793823, No. GB2298302, and No. GB2338101. German patent No.
69512534. Australian patent No. 699045. Japanese patent No. 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