Absolute Software to Acquire LiveTime Software

Transaction enhances Absolute's Asset Management capability and provides entry 
to the IT Service Support Management market 
VANCOUVER, Nov. 5, 2012 /CNW/ - Absolute(®) Software Corporation ("Absolute" 
or the "Company") (TSX: ABT), the leading provider of persistent endpoint 
security and management solutions for PCs, Macs, iOS, Android, Windows and 
BlackBerry devices, today announced it is acquiring the assets of 
privately-held LiveTime Software, a SaaS and on-premise help desk and IT 
Service Support Management (ITSSM) provider. 
LiveTime Service Manager enables IT teams to become proactive in their 
organization's business strategy. It gives IT a platform to migrate their 
service from one of reactive incident response to a more holistic approach 
involving the entire business, its processes and workflows. With LiveTime in 
place, IT can provide exceptional customer assistance, streamline technology 
costs, implement workflows for service requests, incidents, change requests, 
releases and service level agreements, and audit compliance with policies and 
regulations. All of this is done through an easy-to-use, highly scalable 
web-based service platform that works on the same device platforms as 
Absolute's existing solutions. 
LiveTime's technology is proven and robust with a global reference customer 
base that spans large to small organizations in the education, corporate, 
government and healthcare market verticals. The business is currently 
profitable and cash flow positive. LiveTime Service Manager has received 
PinkVERIFY ITIL 3 Certification from Pink Elephant for 11 Processes. Pink 
Elephant's PinkVERIFY assessment is recognized as the IT service management 
industry's original program for certification of software that supports the 
definitions and workflow requirements defined by ITIL. 
"The benefits of this transaction are twofold," said John Livingston, Chairman 
and CEO at Absolute Software. "First, LiveTime will quickly meet the needs of 
Absolute Manage customers that are looking for help desk and service 
management functionality. This need was identified in the Gartner Magic 
Quadrant for Client Management Tools, and has been a regular request from our 
customer base. Second, LiveTime products, which will be re-branded as Absolute 
Service and Absolute Help, open up another $4 billion market for Absolute. 
By leveraging our traditional technology strengths and sales infrastructure, 
we are well positioned to penetrate this market and to generate long-term 
organic growth." 
Consistent with all of Absolute's solutions, Absolute Help and Absolute 
Service will be differentiated based on ease of use, rapid deployment and 
multiple device support; providing customers with the required functionality 
without the extensive professional services and development work most 
solutions in the market currently require. The systems will also integrate 
tightly with Absolute's current solutions. A portion of this work is already 
done, as the LiveTime help desk product completed baseline integration with 
Absolute Manage several years ago. The integration work will also extend the 
benefits of Absolute's Computrace(®) persistence platform. 
"We are excited about the accelerated growth opportunity this transaction 
creates for our LiveTime technology," said Dr. Darren Williams, CEO of 
LiveTime. "By joining Absolute, we gain access to more robust sales channels 
as well as a larger marketing, research and development, and customer support 
infrastructure. Further, Absolute's SaaS and on-premise solutions perfectly 
complement our offerings, which will create a best-of-breed solution platform 
for our mutual customers. We have already been winning deals over the leading 
ITSSM vendors and expect this transaction to rapidly increase our market 
The total cost of the acquisition is less than $15 million and consists of a 
mixture of cash and stock, of which approximately 60% is due on completion 
with the remainder due based on a three year earn-out. Absolute expects this 
transaction to be neutral to cash from operating activities in fiscal 2013 and 
accretive to cash from operating activities in fiscal 2014. Absolute intends 
to complete this acquisition on or around November 19(th), 2012, subject to 
approval by the Toronto Stock Exchange. 
"With LiveTime, we are acquiring market-leading technology together with the 
key people who built it and who are truly visionaries in their space," added 
Mr. Livingston. "These are the same characteristics that made our last 
acquisition great. LiveTime complements our existing offerings, giving us a 
unique platform amongst the leading ITSSM vendors. We will leverage our 
existing sales channels, Software-as-a-Service business model, current 
customer base and unique embedded position in computer firmware to drive 
growth over the long-term. We welcome the LiveTime team and look forward to 
becoming a major player in the help desk and ITSSM market." 
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the world leader in 
firmware-embedded endpoint security and management for computers 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 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. 
©2012 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. 
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: 
Chris Michaels, HORN Group chris.michaels@horngroup.com or 
Marina Guy, Absolute Software mguy@absolute.com or 604.730.9851 x107 
Investor Relations: 
Kristen Dickson, MSc, TMX|Equicom kdickson@equicomgroup.com or 416.815.0700 
Dave Mason, CFA, TMX|Equicom dmason@equicomgroup.com or 416.815.0700 x237 
SOURCE: Absolute Software Corporation 
To view this news release in HTML formatting, please use the following URL: 
CO: Absolute Software Corporation
ST: British Columbia
-0- Nov/05/2012 21:05 GMT
Press spacebar to pause and continue. Press esc to stop.