Absolute Software Launches an Industry First with a Consumer Theft Recovery Solution for Android Smartphones

Available Soon for the Samsung GALAXY S4

VANCOUVER, May 21, 2013 /CNW/ - Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops and ultra-portable devices today announced it is first to market with a consumer theft recovery solution for Android smartphones.

This solution is the result of the Absolute Software and Samsung global partnership announced in early April 2013. Samsung has embedded patented Absolute persistence technology into select Samsung GALAXY devices starting with the Samsung GALAXY S4.

Leveraging the same Absolute persistence technology used in LoJack for Laptops, once installed and activated it cannot be removed even if the device is restored to factory settings. When a protected Samsung GALAXY S4 is stolen, the Absolute Investigations and Recovery Services team will work with law enforcement globally to get the device back. Users can also remotely lock, locate their device or delete sensitive files to prevent identity theft.

Smartphone theft is on the rise, more than 40 percent of all robberies in New York City involve smartphones and other cell phones. Other major US cities have similar statistics, with robberies involving cell phones comprising 30-40 percent of all robberies.*

"Absolute's unique approach to investigations and theft recovery is exactly what is needed to solve this serious epidemic of smartphone and mobile device theft that is sweeping across our nation," stated Sheriff Leon Lott, Sheriff, Richland County, South Carolina Sheriff's Department.

"With the rapid growth of smartphone use, mobile theft has increased extensively putting consumers at personal risk. I am thrilled we can provide consumers with a solution to address this serious issue," said Mark Grace, Vice President, Consumer at Absolute Software. "With our consumer theft recovery solution installed and activated on Samsung GALAXY S4s, users can rest assured that their device can be recovered in the event it is stolen with the help of the Absolute Investigations and Recovery Services team, which has assisted in more than 29,000 successful recoveries in 98 countries."

*FCC, Announcement of New Initiatives to Combat Smartphone and Data Theft, April 10, 2012

Availability
The consumer theft recovery solution for Android smartphones will be available early this summer starting at $29.99 with several subscription options ranging from one year up to four years. For more information: www.LoJackforLaptops.com/android

About Absolute Software
Absolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint security and management for computers, laptops, ultra-portable devices and smartphones. The Company, a leader in device security and management tracking for more than 20 years, has over 30,000 commercial customers worldwide. Positioned as a Visionary vendor in Gartner, Inc.'s Magic Quadrant for Client Management Tools, 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 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, No. 8,346,234 and No. 8,418,226. Canadian patents No. 2,211,735, No. 2,284,806, and No. 2,205,370. 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

Public Relations:
Andrea Holland, HORN Group
[email protected] or 415-905-4009
or
Marina Guy, Absolute Software
[email protected] or 604.730.9851 x107

Investor Relations:
Kristen Dickson, MSc, TMX|Equicom
[email protected] or 416.815.0700 x273
or
Dave Mason, CFA, TMX|Equicom
[email protected] or 416.815.0700 x237