Absolute Software Acquires Data Security and Data Loss Prevention Assets from Palisade Systems

Absolute Software Acquires Data Security and Data Loss Prevention Assets from
                               Palisade Systems

PR Newswire

VANCOUVER, June 25, 2013

Acquisition Enhances Absolute's Governance, Risk Management and Compliance
(GRC) Offering

VANCOUVER, June 25, 2013 /PRNewswire/ - Absolute® Software Corporation (TSX:
ABT), the industry standard for persistent endpoint security and management
solutions for computers, laptops, tablets and smartphones, today announced it
has acquired the assets of privately-held Palisade Systems, a data security
and data loss prevention (DLP) provider.

The Palisade technology delivers enterprise data security solutions for web
monitoring and filtering, data monitoring and DLP, based on Palisade's
patented PacketSure Data Security Platform. Palisade Systems solutions enable
healthcare, corporate, government and education organizations to monitor and
secure sensitive and proprietary intellectual property, and to prevent it from
leaving company networks and endpoints; define and enforce access to external
network resources; and enforce compliance with federal privacy and industry
security regulations.

Palisade Systems products have several key competitive advantages including
easy deployment and operation, and comprehensive multiple-purpose
capabilities. Palisade Systems is positioned by Gartner, Inc. in the Niche
quadrant of the 2013 Magic Quadrant for Content-Aware Data Loss Prevention.

"Our customers have been requesting that we add this type of endpoint DLP
capability to Computrace, our endpoint GRC offering. The technologies are
complementary. We can now provide our customers with an expanded GRC offering
that allows them to not only remotely invoke security commands to prevent and
mitigate data breach scenarios, including data delete, data retrieval and
device freeze, but also to now proactively monitor and manage data at risk on
the endpoint," said John Livingston, CEO at Absolute Software. "We welcome the
Palisade Systems' team to the Absolute family. Their expertise will add
significant value and allow us to continue our impressive growth within the
endpoint security space with an expanded GRC solution."

"We believe that integrating the Palisade DLP solutions into a module of
Computrace will result in an unparalleled endpoint DLP offering that
complements Absolute's endpoint data security and GRC expertise," said Guy
Helmer, CTO at Palisade Systems. "Everyone at Palisade is excited to join the
Absolute team and accelerate the growth of the combined business. As part of
Absolute, while continuing to support our network DLP customers and prospects,
we will be focusing our efforts in our first year on integration to enable
Absolute customers to manage their endpoint DLP over the cloud from the
Computrace Customer Center, to utilize persistence to ensure their endpoint
policies stay in place, and to provide a simple to use DLP solution for our
customers."

About Absolute Software
Absolute Software Corporation (TSX: ABT) is the industry standard in
persistent endpoint security and management for computers, laptops, tablets
and smartphones. The Company, a leader in device security and management
tracking for more than 20 years, has over 30,000 commercial customers
worldwide. 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 is positioned on two Gartner, Inc. Magic
Quadrants - the Magic Quadrant for Client Management Tools and the Magic
Quadrant for Mobile Device Management Software. Absolute is one of only four
vendors to be recognized on both Magic Quadrants based on providing customers
with the ability to secure and manage many different types of devices using a
single solution. 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 and No. 8,418,226.
Canadian patents No. 2,211,735, No. 2,284,806, No. 2,205,370 and No.
2,771,208. 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

Contact:

Public Relations:
Andrea Holland, HORN Group
andrea.holland@horngroup.com or 415-905-4009
or
Marina Guy, Absolute Software
mguy@absolute.com or 604.730.9851 x107

Investor Relations:
Dave Mason, CFA, TMX|Equicom
dmason@equicomgroup.com or 416.815.0700 x237
 
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