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

February 10, 2011

Absolute extends data and device protection capabilities with launch of
firmware-based self-encrypted drive solution

VANCOUVER, Feb. 10 /PRNewswire/ – Absolute(R) 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

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

Absolute Secure Drive is generally available now. More information can
be obtained by visiting www.absolute.com/sed.

About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in tracking,
managing and protecting computers and mobile devices. The Company’s
Computrace, Absolute Manage and LoJack((R)) for Laptops solutions provide theft recovery, data protection and
computer lifecycle management capabilities to organizations and
consumers. The Company’s software agent is embedded in the firmware of
computers by global leaders, including Acer, 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, 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.

(C)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, # 7818557, # 7818803.
Canadian patents # 2.211.735, # 2,284,806 and # 2,205,370. U.K.
patents # EP793823, # GB2298302 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: newswire

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