Absolute Software Unveils New Cross-Platform IT Asset Management Solution

Absolute Manage enables organizations to easily manage PC, Mac and iPhone devices from a single interface

VANCOUVER , Feb. 2 /CNW/ - Absolute(R) Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure IT asset management solutions announced today the launch of Absolute Manage, the rebranded version of the Company's recently-acquired cross-platform IT asset management solution. The new solution from Absolute complements its Computrace(R) family of data security, tracking and theft recovery solutions with full-featured computer lifecycle management capabilities.

Absolute Manage, formerly LANrev, provides organizations with an easy and automated way to manage PC and Mac(R) computers, as well as iPhone(R) devices, from a single interface. IT administrators using Absolute Manage can efficiently manage all their assets by automating time-consuming IT processes such as software distribution, patch management, asset inventory and imaging. Additionally, it helps organizations save money by allowing them to track installed applications and licenses, redeploy under-used licenses and hardware to maximize inventory, and avoid non-compliance fines.

Some of the capabilities of Absolute Manage include the following:

    
    -   Application & License Management - Deploy software and manage
        licenses across the network.

    -   Security, Change & Configuration Management - Remotely monitor and
        adjust configurations, and execute files.

    -   Automated Patch Management - Centrally manage and install patches,
        and report on patch status for all managed systems.

    -   Computer Imaging - Install a complete OS plus all standard
        applications onto Mac computers while in use or just out of the box.

    -   Power Management - Comply with green initiatives and lower total cost
        of ownership by remotely enforcing power saving policy profiles.

    -   Asset Inventory - Collect hardware and software data points from
        devices over the network and analyze the information for timely and
        fact-based asset management decisions.
    

According to a survey conducted by the Enterprise Desktop Alliance, 91% of the IT administrators surveyed indicated that integration and management parity between Macs and PCs were issues of major importance to their organization.* "IT administrators shouldn't have to juggle multiple tools that work on one platform but not the other," said Stephen Midgley , vice president of Global Marketing at Absolute Software. "The proven cross-platform capabilities of Absolute Manage ensure that IT administrators can effectively and efficiently manage both their Macs and PCs, and reduce associated costs."

A recent study by Info-Tech Research Group, sponsored by Absolute, found that 74% of IT asset managers said inventory data split across different IT management systems limited auditing accuracy.(xx) "For organizations that rely on separate ITAM solutions for their Mac and PC populations, they are not getting a true picture of the state of their inventory," said Russ Conwath, senior research analyst, from Info-Tech Research Group. "Enterprises struggling with PC and Mac asset management are missing the boat if they don't use an integrated solution."

"The time it takes for an IT administrator to physically perform maintenance on a device represents resources that could be used elsewhere," added Peter Frankl , vice president of Asset Management Sales at Absolute Software. "The more you can automate computer maintenance processes, and in a platform-agnostic way, means you can free up resources for more strategic tasks and initiatives in your organization."

Recently, the central IT department for the University of Texas at Austin purchased Absolute Manage. "Absolute Manage was the ideal solution to manage our Mac systems at the University of Texas at Austin," said Cam Beasley, Chief Information Security Officer for the University of Texas at Austin. "It easily integrates with our existing tools, and we now have more control and a more complete view of our computer population."

For more information about Absolute Manage, visit www.absolute.com/AbsoluteManage.

To download the findings of the Info-Tech Research Group survey, visit www.absolute.com/infotech.

    
    * "Administrators Speak Out About Managing the Mac in a Windows
        Infrastructure," Enterprise Desktop Alliance, 2009
    (xx)"Where's Your Laptop? Incorporating Laptops into IT Asset Management
        Practices," Info-Tech Research Group, 2010
    

Pricing & Availability

Absolute Manage is available in North America and Europe through www.absolute.com. The MSRP for a standalone one-year license is $24.95 USD in North America , (euro)21.99 in Europe , and (pnds stlg)18.99 in the UK.

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 IT asset 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)2010 Absolute Software Corporation. All rights reserved. Computrace, Absolute and Secure Asset Tracking 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. Computrace U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 5,896,497, No. 6,244,758, No. 6,269,392, No. 6,300,863, and No. 6,507,914. Canadian patents No. 2,284,806 and No. 2,205,370. U.K. patents No. EP793823 and No. GB2338101. German patent No. 695 125 34.6-08. 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.

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For further information: Public Relations: Leslie Campisi, Affect Strategies, [email protected] or [phone] x144; Investor Relations: Dave Mason, CFA, The Equicom Group, [email protected] or [phone] x237