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Press release from CNW Group

Absolute Software Completes LiveTime Software Acquisition

Tuesday, November 20, 2012

Absolute Software Completes LiveTime Software Acquisition07:30 EST Tuesday, November 20, 2012Acquisition expands Absolute's Asset Management capability and enters into the IT Service Support Management marketVANCOUVER, Nov. 20, 2012 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-embedded, persistent endpoint security and management solutions is pleased to announce that it has successfully completed the acquisition of the assets of privately-held LiveTime Software, a SaaS and on-premise help desk and IT Service Support Management (ITSSM) provider."We are pleased to complete the acquisition of LiveTime Software," said John Livingston, Chairman and CEO at Absolute Software. "LiveTime solutions will strongly complement our persistent endpoint security and management solutions. By leveraging our existing sales channels and current customer base, we are well positioned to become a major player in the help desk and ITSSM market.""We are excited to be part of the Absolute team and have a clear vision forward with the integration of Absolute's best of breed solutions," said Darren Williams, VP & GM Service Management at Absolute Software. "Under the Absolute umbrella, we can now provide customers with both cloud and on premise solutions to automate their IT service management processes, thereby lowering their operational costs and improving operating efficiencies."As part of the launch of LiveTime Software under the Absolute umbrella, LiveTime Service Manager will become Absolute Service and LiveTime Help Desk will be renamed Absolute Help. Consistent with all of Absolute's solutions, Absolute Service and Absolute Help will be differentiated based on ease of use, rapid deployment and multiple device support to provide customers with the required functionality without the extensive professional services and development work most solutions in the market currently require. More information can be found at www.absolute.com/livetime.About Absolute SoftwareAbsolute 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 in 2012, 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.SOURCE: Absolute Software CorporationFor further information: Public Relations: Andrea Holland, HORN Group andrea.holland@horngroup.com or 415.905.4030/805.390.0819 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 Kristen Dickson, MSc, TMX/Equicom kdickson@equicomgroup.com or 416.815.0700 x273