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Press release from PR Newswire

Absolute Software Expands Governance and Compliance Support with New Computrace Features

Tuesday, June 05, 2012

Absolute Software Expands Governance and Compliance Support with New Computrace Features07:00 EDT Tuesday, June 05, 2012 Computrace 5.11 Provides End-of-Life Data Delete Certificate VANCOUVER, June 5, 2012 /PRNewswire/ - Absolute® Software Corporation (TSX: ABT), the leading provider of firmware-embedded, persistent endpoint security and management solutions, announced today the release of Absolute Computrace® 5.11.  With this release, Absolute customers now have more tools to securely address the critical governance and compliance requirements they are challenged by every day in implementing their data security and management strategy. Computrace 5.11 includes industry leading features such as the ability to inventory device serial numbers for greater efficiencies while performing asset administration tasks and to generate an End-of-Life Data Delete Certificate to prove compliance. This new certificate is generated at the successful completion of an End-of-Life Data Delete command in the Absolute Customer Center console. The certificate is signed by the customer and retained as proof that no data remains on the device after it was decommissioned, providing Absolute customers with the ability to prove compliance with corporate and government regulations. "To decommission computers today, organizations either need to manually delete the machine via a complex unautomated and non-centralized process, or they need to rely upon their recyclers to do it for them.  Both processes, in addition to being cumbersome, are prone to human error. The result can be for organizations can be having data left on devices after recycling causing significant data security and compliance issues," states John Livingston, Chairman and CEO at Absolute Software. "Our customers have expressed their frustration with this compliance risk. In response, we have now provided them with a cloud-based centralized and automated solution to simply and cost effectively solve this data risk for them." A Computrace data delete command provides IT administrators with the ability to remotely delete data from devices regardless of user or location.  Data delete commands can be stealthy so unauthorized users are unaware until after deployment; perpetual so the data on a missing or stolen device can never be accessed again; granular so only specific documents and data are deleted; and enforceable to ensure IT policies are complied with when decommissioning or repurposing a computer. "Computrace provides Crystal Vision/Das Global with priceless peace of mind," said Roger Fultz, General Manager, Crystal Vision/Das Global. "We rely on the data delete capability to remove sensitive data if a device is at risk regardless of user or location.  The new end-of-life certificate will be extremely useful to organizations that use the data delete capability to decommission or repurpose a device." Availability Computrace 5.11 is available today. For more information visit: http://www.absolute.com/en/products/endpoint-security/computrace 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. Positioned in the Visionaries quadrant of Gartner, Inc.'s Magic Quadrant for Client Management Tools in 2012, Absolute's solutions -  Computrace, Absolute Manage, Absolute Secure Drive, and LoJack for Laptops -  provide organizations with actionable intelligence to prove compliance, generate fast ROI, reduce overhead, and deliver comprehensive visibility and control over all of their endpoints, anywhere, anytime. The Company's software agent 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 and http://blog.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 # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, # 6,087,937, # 6,244,758, # 6,269,392, # 6,300,863, # 6,507,914, # 7,818,557, # 7,818,803, # 7,945,709 and # 8,062,380. Canadian patents # 2,211,735, # 2,284,806, and # 2,205,370. U.K. patents # EP0793823, # GB2298302, and # GB2338101. German patent # 69512534. Australian patent # 699045. Japanese patent # JP4067035. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release. SOURCE Absolute Software CorporationFor further information: <p> <b>Public Relations:</b><br/> Chris Michaels, HORN Group<br/> <a href="mailto:chris.michaels@horngroup.com">chris.michaels@horngroup.com</a> or 415.905.4030/805.390.0819 </p> <p> <b>Investor Relations:</b><br/> Kristen Dickson, MSc,  or Dave Mason, CFA<br/> TMX|Equicom<br/> <a href="mailto:kdickson@equicomgroup.com">kdickson@equicomgroup.com</a> or <a href="mailto:damson@equicomgroup.com">damson@equicomgroup.com</a><br/> 416.815.0700 </p>