Absolute Software Names Thomas Kenny Executive Vice President and General Manager of Global Sales and Marketing

Absolute Enhances Sales and Marketing Team, Positioning Company to Deliver Long-Term Profitable Growth

VANCOUVER, Jan. 8, 2013 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops and ultra-portable devices - and the data they contain, announced today that Mr. Thomas Kenny has joined Absolute Software as Executive Vice President and General Manager of Global Sales and Marketing.  Mr. Kenny will also become a member of Absolute's executive committee, reporting to John Livingston, Chief Executive Officer.

In this newly expanded role, Mr. Kenny will be responsible for Absolute's go-to-market strategy and execution. The Company's direct sales, channel and marketing teams will report to him.

"We are very excited to be strengthening our senior management team with the addition of Thomas Kenny," said John Livingston, Chairman and Chief Executive Officer, Absolute Software. "With the recent launch of Absolute Service through our acquisition of LiveTime Software, our rapidly expanding Mobile Device Management business, our increased success in the Corporate and Healthcare verticals and our multi-platform vision, we are now able to attract top talent like Thomas. He is an excellent leader and has a proven ability to build a high growth and profitable sales organization. We are honored to have him, and are confident we will better capitalize on our potential under his sales leadership."

Mr. Kenny comes to Absolute Software from a world leading PC OEM, where he spent the last 17 years as a sales leader. He played a crucial role over the last eight years in expanding the company's public sector personal computing group from a small 35 person team to more than 350 people with the highest growth and profitability ratings of any other division. Mr. Kenny excelled at delivering increasing profitability and consistent growth by following a solution selling approach - part of which included the introduction of Absolute Computrace® at numerous key accounts.

Today, Absolute also announces that Mr. John Sarantakes has been named Senior Vice President and General Manager of Europe, Middle East and Africa (EMEA) Sales, reporting to Mr. Kenny.

"John is a long-time valued member of the Absolute team and has done a fantastic job of growing the North American and EMEA sales teams," stated Mr. Livingston. "He has been so successful in EMEA that the market opportunity has reached a stage where it requires his sole focus. We are excited about our increasing growth potential and John's leadership in the region."

"These appointments are designed to drive profitable growth and to strengthen Absolute's sales and marketing leadership as we continue to execute on our vision to become a global leader for endpoint security, management and service," added Mr. Livingston.

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint security and management for computers, laptops and ultra-portable devices. The Company, a leader in device security and management tracking for more than 18 years, has over 30,000 customers worldwide. Positioned as a Visionary vendor in Gartner, Inc.'s Magic Quadrant for Client Management Tools, Absolute's solutions - Computrace, Absolute Manage, 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. The Company's Computrace persistence technology is embedded in the firmware of computers, netbooks, and tablets 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 and No. 8,062,380, No. 8,234,359, No. 8,241,369, No. 8,307,055 and No. 8,332,953. 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
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