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Absolute and McAfee Partner to Offer Consumers Absolute's Computrace LoJack for Laptops

Posted on: Wednesday, 8 April 2009, 07:15 CDT

VANCOUVER and SANTA CLARA, CA, April 8 /PRNewswire-FirstCall/ - Absolute(R) Software Corporation ("Absolute") (TSX: ABT) and McAfee, Inc. (NYSE:MFE) announced today that Absolute's Computrace(R) LoJack(R) for Laptops, a home and home office computer theft recovery and data protection service, will now be available for purchase at http://home.mcafee.com/Store/ for McAfee customers in the U.S.

The addition of Absolute's Computrace LoJack for Laptops security solution offers McAfee customers a more comprehensive computer security package. With LoJack for Laptops in place, customers can be assured that if their computer is stolen, the Absolute Theft Recovery Team will gather evidence and work with law enforcement to get their computer back. In addition, customers who purchase a Computrace LoJack for Laptops Premium subscription can remotely delete sensitive files, including financial information and saved passwords to ensure their personal files don't fall into the wrong hands.

"McAfee security suites in combination with LoJack for Laptops will bring together two of the industry's leading computer security solutions," said Mark Grace, Vice President, Consumer Business at Absolute. "By using the layered approach to computer security that McAfee security solutions and Absolute's LoJack for Laptops offer together, customers can rest assured that their computers, data and identities are protected from the growing threats of malicious software and computer theft."

McAfee subscribers who acquire LoJack for Laptops can have the Absolute Theft Recovery Team:

- Track, locate and physically recover stolen computers - Work with law enforcement and gather evidence to help prosecute thieves. - Remotely delete and overwrite sensitive information with subscription to the Premium edition of the service.

LoJack for Laptops Premium subscribers can also benefit from a $1,000 Service Guarantee if a computer isn't recovered or data deleted within 60 days of theft.(1)

"When consumers purchase McAfee security suites as well as Absolute's LoJack for Laptops it gives them the protection from two common headaches that computer owners face: rampant computer and Internet threats and computer thieves," said Todd Gebhart, executive vice president and general manager of McAfee Consumer, Mobile and Small Business. "By offering our customers Absolute's LoJack for Laptops as part of their shopping and renewal experience, we are making it that much easier to get comprehensive protection conveniently and cost-effectively."

Pricing and Availability

Absolute's Computrace LoJack for Laptops Standard one year subscription is now available for $39.99 at http://home.mcafee.com/Store/Package.aspx?pkgid=335. Absolute's Computrace LoJack for Laptops Premium one year subscription is now available for $59.99 at http://home.mcafee.com/Store/Package.aspx?pkgid=336.

How LoJack for Laptops Works

LoJack for Laptops is powered by Absolute's patented Computrace technology. The Computrace Agent is virtually undetectable and phones home to the Absolute Monitoring Center with location information. If a computer is reported stolen, the Absolute Theft Recovery Team can gather evidence from the computer to identify the thief and get the computer back. When embedded in the firmware of computers from leading computer manufactures,(2) Computrace can survive operating system re-installations, as well as hard-drive reformats, replacements and re-imaging. It can be activated by customers when they purchase a subscription for LoJack for Laptops ranging from 1-4 years.

(1) Certain conditions apply. For full Service Guarantee terms, see www.absolute.com/service_guarantee.pdf (2) For a complete list of firmware-supported computers, see www.absolute.com/firmware.

About McAfee, Inc.

McAfee, Inc., headquartered in Santa Clara, California, is the world's largest dedicated security technology company. McAfee is relentlessly committed to tackling the world's toughest security challenges. The company delivers proactive and proven solutions and services that help secure systems and networks around the world, allowing users to safely connect to the Internet, browse and shop the web more securely. Backed by an award-winning research team, McAfee creates innovative products that empower home users, businesses, the public sector and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. http://www.mcafee.com

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the leader in computer theft recovery, data protection and Secure Asset Tracking(R) solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. The Company's Computrace(R) software is embedded in the firmware of computers by global leaders, including ASUS, Dell, Fujitsu, General Dynamics Itronix, HP, Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software and Computrace, 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 of our services and products, possible guarantee payment eligibility, availability of our services and products for purchase, 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.

(C)2009 Absolute Software Corporation. All rights reserved. Computrace, Absolute and Secure Asset Tracking 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. Computrace U.S. patents # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, # 6,244,758, # 6,269,392, # 6,300,863, and # 6,507,914. Canadian patents # 2,284,806 and # 2,205,370. U.K. patents # EP793823 and # GB2338101. German patent # 695 125 34.6-08. 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

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