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Press release from CNW Group

Absolute Software Announces New Board Member

Monday, June 27, 2011

Absolute Software Announces New Board Member16:45 EDT Monday, June 27, 2011Seasoned technology executive, Daniel P. Ryan, appointed to Absolute's Board of DirectorsVANCOUVER, June 27, 2011 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based endpoint security and management solutions that reduce IT costs, prove regulatory compliance, respond to computer theft, and optimize productivity, announced the appointment of Daniel P. Ryan to Absolute's Board of Directors, effective June 27, 2011."Absolute is at the center of the convergence of endpoint security and endpoint management," said Mr. Ryan. "This is an exciting time to be in this industry, and Absolute is bringing to market some innovative solutions to help organizations solve the challenge of securely managing mobility."Mr. Ryan is a seasoned executive with more than 25 years of experience in the technology sector. He has held senior roles in business development, sales, marketing and product strategy, and is currently the "Entrepreneur-in-Residence" with Split Rock Partners, a U.S.-based technology and healthcare venture capital firm. Prior to joining Split Rock, Mr. Ryan served as Chief Executive Officer and Director of the Board for Pareto Networks, a leader in cloud-based networking, which he helped position for sale to Aerohive Networks in 2011. Mr. Ryan has also served as Executive Vice President and General Manager for McAfee's Network Security Unit, joining McAfee in 2008 when it acquired Secure Computing where he was Chief Executive Officer and Director of the Board. Before Secure Computing, Mr. Ryan was Senior Vice President of Enterprise Content Management at Oracle, following its 2006 acquisition of Stellent where he was Chief Operating Officer. Mr. Ryan holds a Bachelor of Science degree in Mathematics and Economics from the University of Minnesota."We are very pleased to have a person of Dan's caliber join Absolute's Board of Directors," said John Livingston, Chairman of the Board and Chief Executive Officer at Absolute Software. "Dan's extensive industry experience, eye for technology leadership, merger and acquisition background and deep understanding of the trends driving our growth will be valuable assets as we continue to strengthen Absolute's position as a global leader in endpoint security and management."About Absolute SoftwareAbsolute Software Corporation (TSX: ABT) is the leader in tracking, managing and protecting computers and mobile devices. The Company's Computrace®, Absolute Manage, and LoJack® for Laptops solutions provide theft recovery, data protection and computer lifecycle 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 StatementsThis 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.©2011 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. 7818557, No. 7818803. Canadian patents No. 2.211.735, No. 2,284,806 and No. 2,205,370. U.K. patents No. EP793823, No. GB2298302 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.For further information: Public Relations: Kate Ryan, Affect Strategies kryan@affect.com or (212) 398-9680 Investor Relations: Dave Mason, CFA, The Equicom Group dmason@equicomgroup.com or 416.815.0700 x237