Absolute Software : Expands Product Portfolio with the Launch of IT Service Management Solution

Absolute Service Enhances Absolute Software's Asset and Service Management Capability

Vancouver, Canada: January 22, 2013- 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 announced today the launch of Absolute Service, an IT Service Management (ITSM) solution.

Absolute Service combines people, process, and information technology so that IT services can align with the needs of the business.  Built on a foundation of data from all areas of the organization, IT can use ITIL certified best practices to apply precise control over the levels of service they deliver, predicting potential points of failure, and making real-time decisions for the most efficient and cost-effective outcome.

Absolute Service is highly customizable, flexible and quick to deploy. Customers have the choice of an on-demand or on-premise deployment and unlike traditional ITSM solutions, customers can easily transition between either model to support current and future scalability. The Absolute Service user interface is highly customizable with more than 140 widgets so that technicians can self-design their user interface for an interactive and efficient working environment. To support IT mobility, technicians can access the console on-the-go with native apps for iOS and Android. 

"Absolute Service provides IT with the information they need to analyze the potential impact of each service request," states Darren Williams, Vice President and General Manager of Service Management at Absolute Software.  "With this complete view they can effectively manage requests, resources, and prove each step of the process was properly carried out with one-click audit records."

Absolute Service has received PinkVERIFY ITIL 3 Certification from Pink Elephant for 11 processes. The PinkVERIFY assessment is recognized as the ITSM industry's original program for certification of software that supports the definitions and workflow requirements defined by ITIL.

With the launch of Absolute Service, Absolute Software now provides IT with an integrated end-to-end solution across all ITIL processes. There are several editions of Absolute Service available including a Helpdesk edition.  Absolute Service currently integrates with Absolute Manage for seamless access to configuration management data and more precise root-cause and impact analysis.

Availability

Absolute Service is available today.  For more information visit: http://www.absolute.com/products/absolute-service

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 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. 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, No. 8,062,380, No. 8,234,359, No. 8,241,369, No. 8,307,055, No. 8,332,953 and No. 8,346,234. 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.

Public Relations:

Andrea Holland, HORN Group
[e-mail]  or 415-905-4009

or

Marina Guy, Absolute Software
[e-mail] or 604.730.9851 x107

Investor Relations:

Kristen Dickson, MSc, TMX|Equicom
[e-mail] 416.815.0700 x273

or

Dave Mason, CFA, TMX|Equicom
[e-mail] 416.815.0700 x237