Absolute Software Announces Geoff Haydon as Chief Executive Officer

VANCOUVER, June 13, 2014 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced that the company's Board of Directors has appointed Mr. Geoff Haydon, formerly of EMC Corporation, as Chief Executive Officer and as a member of the Board of Directors.

"We are extremely pleased to have someone of Geoff's caliber join to lead Absolute," stated Mr. Daniel P. Ryan, Chairman of Absolute. "With his background in enterprise security software and his proven track record of growth and experience in both North American and global markets, he is the right person to take Absolute to the next level in terms of revenue growth, global reach and increased profitability."

Mr. Haydon brings more than 20 years of IT experience to the role. He has successfully built high performance teams and led businesses in the Americas, the Asia Pacific region and EMEA. Most recently he was Chief Operating Officer for EMC's Asia-Pacific and Japan region. In that role he led a cross-functional team that drove the multi-billion dollar business unit. Prior to this role, Mr. Haydon was Vice President of Americas Sales at RSA, a division of EMC, where he was responsible for creating and executing RSA's market strategies. Under his leadership, RSA's business in the Americas consistently outperformed its business and market share objectives and delivered strong double-digit growth. Before the Americas position, Mr. Haydon ran the RSA business for Asia Pacific and Japan where he more than doubled RSA's market share in the region.

"I am tremendously excited about the opportunity to join the team at Absolute and to build on the Company's past success," said Mr. Haydon. "Absolute has a unique solution portfolio that addresses the key security and management challenges that organizations are facing with the rise of mobility. With a broad product portfolio, diverse customer base and strong financial foundation, Absolute is extremely well-positioned to take advantage of this multi-billion market opportunity."

Mr. Haydon is a Dean Honour's List graduate from the Ivey School of Business at the University of Western Ontario. He will join Absolute on July 7 and will relocate to Absolute's corporate head office in Vancouver, Canada.

With the appointment of Mr. Haydon and as part of the leadership transition plan, Mr. Rob Chase, Absolute's Chief Operating Officer, has announced he is leaving the Company to pursue other interests. Mr. Chase's departure will be effective June 18, however he will continue to be involved with the company in a more limited capacity as a strategic advisor. The Board of Directors thanks Mr. Chase for his fourteen years of service and dedication to the Company.

Mr. Errol Olsen, who has served as interim Chief Executive Officer, will continue in his role as Absolute's Chief Financial Officer. "On behalf of the board, I would like to thank Errol for taking on the added responsibilities of the interim CEO role and continuing to drive Absolute toward achievement of its strategic goals," stated Mr. Ryan.

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 20 years, has over 30,000 commercial customers worldwide. Absolute's solutions - Computrace®, Absolute Manage®, Absolute Service, and Absolute LoJack® - 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 three Gartner, Inc. Magic Quadrants - the Magic Quadrant for Client Management Tools, the Magic Quadrant for Mobile Device Management Software and the Magic Quadrant for Content-Aware DLP. Absolute is one of only four vendors to be recognized on both the CMT and MDM 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. Furthermore, the forward-looking statements contained in this press release are made as at the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

©2014 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, No. 8,346,234, No. 8,362,901, No. 8,418,226, No. 8,419,806, No. 8,441,348, No. 8,510,825, No. 8,556,991, No. 8,566,961, No. 8,606,971, No. 8,625,799 and No. 8,669,870. Canadian patents No. 2,211,735, No. 2,284,806, No. 2,205,370, No. 2,771,208 and No. 2,733,222. U.K. patents No. EP0793823, No. GB2298302, and No. GB2338101. German patent No. 69512534. Australian patent No. 699045. Japanese patents No. 4067035, No. 5220924 and No. 5363305. Korean patent No. 10-1372986. Mexican patents No. 297,406 and No. 306,287. Russian patent No. 2,460,220 and 2,506,704. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

SOURCE: Absolute Software Corporation

Public Relations:
Becky Obbema, Interprose
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or
Marina Guy, Absolute Software
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Investor Relations:
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[email protected] or 416.815.0700 x237