Absolute Software CFO Errol Olsen Awarded CFO of the Year

VANCOUVER, June 3, 2015 /CNW/ - Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced that Errol Olsen, Chief Financial Officer, Absolute Software was awarded "CFO of the Year" in the Large Public Company category. The award was presented by Business in Vancouver, in partnership with the Chartered Professional Accountants of British Columbia.

Mr. Olsen has played a critical role in the fiscal landscape and strategic direction of Absolute since joining the company in 2010. Olsen has implemented new cost control and accountability measures that have directly led to improved operating metrics and significant improvements in profitability. Mr. Olsen also led the company as interim CEO from December 2013 to June 2014.

"It is a tremendous honor to receive this award; it's an accolade I share with the entire Absolute team," said Olsen. "This designation is a testament to the hard work we have invested and a reflection of the strong leadership team we have at Absolute."

Winners in seven different categories were announced at an event at the Fairmont Waterfront Hotel in Vancouver on the evening of June 2, 2015.

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint security and data risk management solutions for computers, laptops, tablets and smartphones. Persistence® technology from Absolute provides organizations with visibility and control over all of their devices, regardless of user or location. If an Absolute software client is removed from an endpoint, it will automatically reinstall so IT can secure each device and the sensitive data it contains. No other technology can do this. Absolute is positioned on three Gartner, Inc. Magic Quadrants - the Magic Quadrant for Client Management Tools (CMT), the Magic Quadrant for Enterprise Mobility Management (EMM) and the Magic Quadrant for Content-Aware Data Loss Prevention. Absolute is one of only four vendors to be recognized on both the CMT and EMM Magic Quadrants.  Persistence technology is embedded in the firmware of computers, netbooks, tablets and smartphones by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Microsoft, 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.

©2015 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. For patent information, visit www.absolute.com/patents. 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, [email protected] or 1 408 778 2024; or Toru Levinson, Absolute Software, [email protected] or 1 604 730 9851 x208; Investor Relations: Kristen Dickson, TMX | Equicom, [email protected] or 1 416 815 0700 x273